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Monetary policy and bank equity values in a time of low and negative interest rates

Ampudia, Miguel; Heuvel, Skander van den - 2019

European bank equity values - an effect that is normally positive - has become negative since interest rates in the euro area …

Persistent link: https://www.econbiz.de/10012182094

Monetary policy transmission to mortgages in a negative interest rate environment

Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019

Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...

Persistent link: https://www.econbiz.de/10011975610

States, banks, and the financing of the economy : monetary policy and regulatory perspectives

Balling, Morten (ed., introduction); … - Colloquium "States, Banks and the Financing of the …; … - 2013

On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...

Persistent link: https://www.econbiz.de/10011711721

A Non-Standard Monetary Policy Shock : The ECB’s 3-year LTROs and the Shift in Credit Supply

Darracq Paries, Matthieu - 2013

) as well as the special ad-hoc questions on the LTROs conducted in mid-February 2012. We estimate a panel-VAR for the euro …

Persistent link: https://www.econbiz.de/10013088278

Corporate Leverage and Monetary Policy Effectiveness in the Euro Area

Auer, Simone; Bernardini, Marco; Cecioni, Martina - 2021

shocks within the euro-area manufacturing sector. Using polynomial state-dependent local projections, we document a non …

Persistent link: https://www.econbiz.de/10013219569

The transmission mechanism of credit support policies in the Euro Area

Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2016

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission …

Persistent link: https://www.econbiz.de/10011634998

The transmission mechanism of credit support policies in the Euro Area

Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2016

Persistent link: https://www.econbiz.de/10011553412

Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area

Wischnewsky, Arina - 2019

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that … stance, the aforementioned two indicators for the shadow banking sector. Based on vector autoregressive models for the euro … financial assets. Country-specific as well as sector-specific estimations confirm these findings for most of the euro area …

Persistent link: https://www.econbiz.de/10012899072

Effectiveness and Transmission of the ECB's Balance Sheet Policies

Boeckx, Jef - 2014

We estimate the effects of exogenous innovations to the balance sheet of the ECB since the start of the financial crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial markets, and has a positive impact on economic activity...

Persistent link: https://www.econbiz.de/10013048831

The Retail Bank Interest Rate Pass-Through : The Case of the Euro Area During the Financial and Sovereign Debt Crisis

Darracq Paries, Matthieu - 2014

This paper analyses the cross-country heterogeneity in retail bank lending rates in the euro area and presents newly … sovereign debt tensions affecting interest rate-setting behaviour. Country evidence for the four largest euro area countries … tensions in the euro area. However, in order to ensure the adequate transmission of monetary policy to financing conditions, it …

Persistent link: https://www.econbiz.de/10013049210