This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate … depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in … lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset …

This paper examines the relationship between central bank funding and credit risk-taking. Employing comprehensive bank …-firm-level data from the German credit registry during 2009:Q1-2014:Q4, we find that borrowing from the central bank is associated … with rebalancing of bank portfolios towards ex-ante riskier firms. We further establish that this relationship is …

monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly … ihres Liquiditätsgrads variiert. Im Gegensatz zu den USA ist im Allgemeinen die Größe einer Bank kein direkter …

Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit … financially undeveloped. European economies heavily depend on bank loans and research suggests that loan supply played a major … role in the recent weak credit performance of Europe. There are reasons to believe that, despite various efforts, normal …

This paper uses panel data on banks, for the period 1991-98, to test the existence of a bank-lending channel in the … analyse the differential responses, to monetary policy changes, of bank lending by banks with different size, liquidity and … results are mostly against the existence of a bank-lending channel in the period under analysis. This result appears to be …

This paper analyses empirically the role of bank lending in monetary policy transmission on the basis of Greek bank … variables to bank loans in the spirit of Kashyap and Stein's work. The other, which in general yields more satisfactory results … balance-sheet characteristics on banks' ability to supply loans and investigates directly the behaviour of bank loan supply. A …

monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank … economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains … a permanent 1 percentage point upward shock in nominal interest rates, the average bank of 2013Q3 would ceteris paribus …

policy shocks to bank lending and real activity. We first use a large panel of U.S. banks to show that the sensitivity of … bank profits to interest rates increases significantly with measured income gap, even when banks use interest rate … derivatives. We then document that, in the cross-section of banks, income gap predicts the sensitivity of bank lending to interest …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank … margins, but credit and interest rate risk increase. Portfolio rebalancing implies relatively more lending, also compared to …