that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks … strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …

-regulated, more fragile nonbanks. The bank-to-nonbank shift largely neutralizes total credit and associated consumption effects for …

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. …

-section of individual bank portfolio decisions. For this purpose, an augmented version of the DSGE model of Gertler and Karadi … (2013), featuring a segmented banking sector, is estimated for the euro area and combined with a bank portfolio optimisation … approach using granular bank level data. An important feature of our modelling approach is that it captures the heterogeneity …

Deposits finance bank lending and serve as means of payment for bank customers. Under uncertain payment flows, deposits … payment risk on bank lending, bridging the literatures on payment systems and credit supply. An interquartile increase in … dampens the bank lending channel of monetary policy transmission …

rates coincide with lower shares of total debt and long-term debt and higher shares of short-term bank loans and trade …

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

the possible repercussions of changing the level of official interest rates is the ability to influence the size of bank … lending, by means of the bank lending channel. The key aspect our research is a thorough understanding of the functioning of … the bank lending channel, with the main goal of this study being an examination of the efficiency of monetary policy …