Showing 1 - 10 of 754,323
Persistent link: https://www.econbiz.de/10012696751
that reliance on retail deposit funding and the level of excess liquidity holdings may increase banks' responsiveness to … coverage of our loan data and the explicit consideration of banks' excess liquidity holdings are likely reasons for this … different result compared to some earlier literature. We are the first to document the importance of banks' excess liquidity …
Persistent link: https://www.econbiz.de/10012098146
In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory. The theoretical and empirical literature is silent on whether banks’ reaction would be different when the policy rate is lowered to negative levels compared to a standard...
Persistent link: https://www.econbiz.de/10011635511
Persistent link: https://www.econbiz.de/10011533587
Persistent link: https://www.econbiz.de/10012435291
Persistent link: https://www.econbiz.de/10011511050
Persistent link: https://www.econbiz.de/10011803000
We show that the transmission of the European Central Bank’s (ECB) recent monetary policy tightening differs across banks depending on their level of excess reserves. Specifically, the net worth of reserve-rich banks may display a boost when the interest rate paid on reserves increases...
Persistent link: https://www.econbiz.de/10014481115
Persistent link: https://www.econbiz.de/10010366299
We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the …
Persistent link: https://www.econbiz.de/10011897986