change in NPL ratios tends to depress bank lending volumes, widens bank lending spreads and leads to a fall in real GDP …

We contribute to the empirical literature on the impact of shocks to bank capital in the euro area by estimating a … economy, namely a demand shock and a shock to bank capital. The main findings of the paper are as follows: i) Impulse …-response analysis shows that in response to a shock to bank capital, banks boost capital ratios by reducing their relative exposure to …

To what extent does the availability of credit depend on monetary policy? And, does this relationship vary with bank …-2011, we uncover three main regularities. First, the effect of monetary policy on bank lending is significant and heterogeneous …

by the following types of bank financial distress: 1) low equity ratio; 2) low Tier 1 capital ratio; and 3) losses on …

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit … monetary policy shock on GDP and inflation; (3) for business loans, the impact through the (supply) bank lending channel is …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …

the supply side of bank lending. The financial turmoil starting in mid-2007 had detrimental consequences for banks … examines the impact of supply constraints on bank lending in the euro area with a special focus on this turmoil period. The … empirical evidence presented suggests that banks' ability and willingness to supply loans affects overall bank lending activity …