This paper investigates how the prolonged period of low interest rates affects bank intermediation activity. We use …

By investigating the influence of negative interest rate policy (NIRP) on bank margins and profitability, this paper … identifies country- and bank- specific characteristics that amplify or weaken the effect of NIRP on bank performance. Using a … find that bank margins and profits fell in NIRP-adopter countries compared to countries that did not adopt the policy …

investigates the effect of economic policy uncertainty (EPU) on bank profitability in 22 advanced countries. The measures of bank … uncertainty (EPU) negatively affects bank non-interest income. Real GDP growth rate, nonperforming loans and regulatory capital … effect on bank profitability in Asia and the region of the Americas as these regions witnessed high return on equity in times …

important policy implications as they provide evidence on a beneficial second-order effect of negative interest rates on bank …

We analyze retail central bank digital currency (CBDC) in a two-tier monetary system with bank deposit market power and … distortions or instrument restrictions are present. Depending on central bank choices CBDC raises U.S. bank funding costs by up to …

This paper shows that heterogeneity in bank capitalization ratios plays a crucial role in the transmission of monetary … policy to bank lending. First, I offer new empirical evidence on how banks’ lending responses to monetary policy shocks … after controlling for bank liquidity, size and market power in the deposit market. I also document how highly capitalized …

of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for …