We examine the connection between the number of bank relationships and firms' performance using a unique data set on Italian small firms for which banks are a major source of financing. Our evidence indicates that return on equity and return on assets decrease as the number of bank relationships...

We examine the implications of all three major ECB’s unconventional monetary policies, LTRO, asset purchase programs and deposit facility rate for bank investments among loans, government securities and cash deposited in central banks. Our results highlight that unconventional policies...

Using a sample of European banks and a series of events affecting governments' finances, we conduct an event study to examine whether there is a relationship between governments' fiscal difficulties and banks' stock returns. We find a significant reaction of banks' stocks to news concerning...