measure financial stability at the bank level for Europe's largest economy: Germany. Second, we specify a VAR model with …

Recent studies of monetary policy in developing countries document a weak bank lending channel based on aggregate data …, volumes and rates, coupled with unanticipated variation in monetary policy. We show that a monetary contraction reduces bank …

LCR considers only a subset of central bank eligible assets and thereby offers banks an arbitrage opportunity to improve … their regulatory ratio by altering their collateral pledging with the European Central Bank. We use the existence of … national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible …

integrated micro-macro approach with two core virtues. First, we measure the probability of bank distress directly at the bank … level. Second, we integrate a microeconomic hazard model for bank distress and a standard macroeconomic model. The advantage … between bank distress and the real economy. We base the analysis on German bank and macro data between 1995 and 2004. Our …

:(a) Chapter One focuses on the European Central Bank (ECB) within the European System of Central Banks (ESCB):• the first two …

matter the relative abundance of reserves, VRT encourage market activity and support the central bank's control over interest … the central bank on market outcomes and (ii) a comparison with the implementation framework currently adopted by the …