contractionary impact on bank loan supply. As the newly created excess reserves are heterogeneously distributed across euro area … countries, the impact of QE on bank loan supply may differ across countries. Moreover, we derive implications for monetary … policy implementation. Increases in the central bank's main refinancing rate as well as in the minimum reserve ratio and …

The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank … commercial and cooperative banks. How a change in the central bank's interest rates may determine a change in the volume of loans …

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 …

monetary transmission processes of Islamic and conventional banks using disaggregated bank-level data for Saudi Arabia over the … to various shocks make it easier for the Saudi central bank to achieve macroeconomic goals through monetary policy …

Empirical research on the monetary transmission mechanism considering credit developments is almost exclusively limited … to the amount of outstanding credit in an economy. Two issues arise out of this. First, stock-flow inconsistencies might … occur. Second, the change of the outstanding amount of credit on banks ́balance sheets does not consist only of new lending …

the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …, higher policy rates increase risk-taking, as less-regulated, fragile nonbanks -in all credit markets- expand supply to …

-term interest rates are accompanied by increases in bank credit; a phenomenon referred to as "the loan puzzle." This study … shock to short-term interest rates, the volume of bank credit to firms exhibits a positive and short-lived response but … investigates, through the estimation of a structural vector autoregressive model using national and sectoral-level data, whether …

. The credit transmission is analyzed through its narrow nature or so called bank lending channel. In order to explain how … first one is the traditional bank lending channel explained by Bernanke and Blinder model and the second one is the credit …Research subject of this paper is the credit transmission mechanism in the Republic of Macedonia or in other words this …

We study how monetary conditions change the supply by banks of mortgage credit to households. We exploit the widespread … presence of foreign currency mortgages in Hungary and study this country`s comprehensive credit registry. Changes in monetary … conditions not only affect the supply of credit in volume, but also in its currency and risk composition. Hence, we establish a …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high … initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low … when bank lending contracts. …