' funding structures jointly with that in their excess liquidity holdings. We find evidence that banks highly exposed to the …, importantly, the explicit consideration of the role of excess liquidity in our analysis …

reliance on retail deposit funding and the level of excess liquidity holdings may increase banks' responsiveness to NIRP. We … bank loans. Broader coverage of our loan data and the explicit consideration of banks' excess liquidity holdings are the …' excess liquidity holdings for the effectiveness of NIRP, pointing to a strongcomplementarity of NIRP with central bank …

We analyze the role of loan maturity and collateral eligibility for the transmission of central bank liquidity … extended the ECB liquidity maturity—in Italy, where banks benefited from a government guarantee program that effectively … (i) the maturity extension supported banks' credit supply and (ii) banks used most liquidity to buy domestic government …

inappropriate characterizations of monetary policy, as well as to ill-defined discussions of liquidity effects, the bank lending …

We examine the system-wide effects of liquidity regulation on banks’ balance sheets. In the general equilibrium model … value before maturity, e.g., structured securities. By improving the liquidity of interbank markets, tighter liquidity … requirements induce banks to invest in such complex assets. We evaluate the welfare properties of combining liquidity regulation …

reliance on retail deposit funding and the level of excess liquidity holdings may increase banks’ responsiveness to NIRP. We … segments. We are the first to document the importance of banks’ excess liquidity holdings for the effectiveness of NIRP …, pointing to a strong complementarity of NIRP with central bank liquidity injections, e.g. via asset purchases …