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The augmented bank balance-sheet channel of monetary policy

Bittner, Christian; Bonfim, Diana; Heider, Florian; … - 2022

This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central Bank’s policy-rate cuts in mid-2014. The...

Persistent link: https://www.econbiz.de/10013259629

The role of banks in the transmission of monetary policy

Peek, Joe; Rosengren, Eric S. - 2013 - Version of: September 9, 2013

The transmission of monetary policy, especially in light of recent events, has received increased attention, especially 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...

Persistent link: https://www.econbiz.de/10010126905

Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets

Acharya, Viral V.; Chauhan, Rahul Singh; Rajan, Raghuram G. - 2023

in 2017, there was no commensurate shrinkage of these claims on liquidity. Consequently, the financial sector was left … more sensitive to potential liquidity shocks, with weaker-capitalized banks most exposed. This necessitated Fed liquidity … provision in September 2019 and again in March 2020. Liquidity-risk-exposed banks suffered the most drawdowns and the largest …

Persistent link: https://www.econbiz.de/10014355833

Liquidity, liquidity everywhere, not a drop to use : why flooding banks with central bank reserves may not expand liquidity

Acharya, Viral V.; Rajan, Raghuram Govind - 2022

Persistent link: https://www.econbiz.de/10012798660

Conditions de fonctionnement du canal du crédit et gestion des bilans bancaires : une approche empirique dans le cas français

Payelle, Nathalie - In: Revue d'économie politique 106 (1996) 4, pp. 683-703

Persistent link: https://www.econbiz.de/10001212726

Implications of negative interest rates for the net interest margin and lending of euro area banks

Klein, Melanie - 2020

This paper explores the impact of low (but) positive and negative market interest rates on euro area banks' net interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets, I find a positive impact of the level of the short-term...