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Did QE Lead Banks to Relax Their Lending Standards? Evidence from the Federal Reserve's Lsaps
Kurtzman, Robert J.; Luck, Stephan; Zimmermann, Tom - 2017
Using confidential loan officer survey data on lending standards and internal risk ratings on loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending standards and risk-taking. We exploit cross-sectional variation in banks? holdings of mortgage-backed securities to...
Persistent link: https://www.econbiz.de/10014352384
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Central bank digital currency and bank intermediation : exploring different approaches for assessing the effects of a digital euro on euro area banks
Adalid, Ramón; Álvarez-Blázquez, Álvaro; … - 2022
provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could … offer a wide range of benefits, it could prompt changes in the demand for bank deposits and services from private financial … entities (ECB, 2020a), with knock-on consequences for bank lending and resilience. By inducing bank disintermediation, a …
Persistent link: https://www.econbiz.de/10013198349
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The ECB after the crisis : existing synergies among monetary policy, macroprudential policies and banking supervision
Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132851
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Availability of high-quality liquid assets and monetary policy operations : an analysis for the euro area
Grandia, Roel (ed.); Hänling, Petra (ed.);  … - Europäische Zentralbank - 2019
This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the...
Persistent link: https://www.econbiz.de/10011976095
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New financial stability governance structures and central banks
Edge, Rochelle M.; Liang, Jean Nellie - 2019
We evaluate the institutional frameworks developed to implement time-varying macroprudential policies in 58 countries. We focus on new financial stability committees (FSCs) that have grown dramatically in number since the global financial crisis, and their interaction with central banks, and...
Persistent link: https://www.econbiz.de/10012018438
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Macroprudential policy at the ECB : institutional framework, strategy, analytical tools and policies
Constâncio, Vítor (ed.); Cabral, Inês (contributor);  … - 2019
This occasional paper describes how the financial stability and macroprudential policy functions are organised at the ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were later conferred on the ECB by the Single Supervisory...
Persistent link: https://www.econbiz.de/10012033308
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Early French and German central bank charters and regulations
Bindseil, Ulrich - 2019
documents into context, the objectives, balance sheet structure, achievements and closure of each central bank are briefly …
Persistent link: https://www.econbiz.de/10012110108
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Dancing together at arm's length? : the interaction of central banks with governments in the G7
Bodea, Cristina (contributor); Huemer, Stefan (contributor) - 2010
Persistent link: https://www.econbiz.de/10011627076
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The collateral frameworks of the Eurosystem, the Federal Reserve System and the Bank of England and the financial market turmoil
Cheun, Samuel; Köppen-Mertes, Isabel von - 2009
Persistent link: https://www.econbiz.de/10011627112
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The analytical credit dataset : a magnifying glass for analysing credit in the euro area
Israël, Jean-Marc; Damia, Violetta; Bonci, Riccardo; … - 2017
In May 2016 the Governing Council adopted the AnaCredit Regulation (ECB/2016/13) providing the legal basis for the European System of Central Banks (ESCB) to collect granular information on loans from banks to corporates and other legal persons based on a core set of harmonised concepts and...
Persistent link: https://www.econbiz.de/10011639632