how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on … low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on … low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank …