This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

Does central bank collateral policy contribute to financial market integration? We address this question by exploiting … that, in 2007, the European Central Bank replaced national collateral frameworks by a single list. Under the single list … regime, euro area banks could pledge all euro area bank loans as collateral, not only domestic loans as before the framework …

supply shocks exceeds that of loan supply shocks. Since MBF is mostly provided by non-bank financial intermediaries, the …

In this paper I compare a traditional demand oriented model of bank lending with its focus on short-term interest rates … in the money market, to a non-traditional capital budgeting model of bank lending based on movements in share valuations … traditional demand oriented model of bank lending and fail to reject the capital budgeting model of bank lending for Monetary …

This study examines the transmission of monetary policy in the eurozone from 2005 to 2021. The novelty of this research … lies in defining the European Central Bank's monetary policy through three dimensions extracted via principal component … monetary policy within the Eurozone. Specifically, dimension 2, which represents the yield curve structure and the ECB …

attenuation of the traditional bank lending channel of monetary policy has real effects: nonbank credit insulates corporate …

with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the … bank lending channel and determining the extent to which it is operational. Evidence on the effectiveness of the bank …