question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

We establish that a monopoly bank never uses collateral as a screening device. A pooling equilibrium always exists in … lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … crisis, in a context of financial market stress and weak bank balance sheets, unconventional monetary policy measures have … non-standard measures were successful in stimulating lending and which bank business models were more strongly affected …