that is orthogonal to the policy rate (ii) interest rate spreads charged by banks decline persistently after quantitative … short-run liquidity effect after an interest rate innovation, that is additional bank loans are generated by a greater …

supervisory information on the repricing maturity profiles of Swiss banks and provides us with an individual measure of interest … of realized interest rate risk exposure weakening the bank's economic capital. Second, due to the banks' heterogeneity in … regions. Finally, bank lending seems to be mainly driven by capital rather than liquidity, suggesting that a higher …

The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus …

since its creation, the systematic treatment contains four parts, first a systematic discussion of how a central bankś … central bankś macroeconomic objective, e.g. price stability; finally, a discussion of the challenges for institution design …

The recent financial crisis has been characterized by unprecedented monetary policy interventions of central banks with … policy on stock liquidity and thereby addresses its role as a determinant of commonality in liquidity. To capture effects … liquidity in the German, French and Italian markets. These findings are robust for seven proxies of liquidity and two measures …

(ii) interest rate spreads charged by banks decline persistently after a rise in the monetary base, whereas the spreads … increase significantly after a fall in the policy rate (iii) there is no significant short-run liquidity effect after an …

A central proposition in research on the role of banks in the transmission mechanism is that monetary policy imparts a … through the impact of monetary policy on banks' balance sheet strength and risk perception. Such a recasting implies, contrary …

amount of liquidity to the financial system. It may, with the approval of the U.S. Treasury, establish programs of broad …