-performing loans (NPLs) on bank cost of capital, credit and liquidity creation in the Eurozone. Empirical results confirm the model …

crisis. As a lender of last resort via the long-term refinancing operations (LTROs), the European Central Bank (ECB) improved …

data, crisis and monetary policy shocks, and variation in loan terms to the same borrower on the same day by domestic … versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … independent of quality. On the intensive margin, however, GIPS-headquartered debtor banks suffer in the Lehman crisis, but effects …

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … crisis conditions, and how the bank has actually used its leeway since 2007-or might do so in the future. The study finds … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …

other major currency areas.This Policy Contribution identifies how narratives of the crisis developed since 2007, by … identifying the key crisis-related topics in articles from four opinion-forming newspapers in the largest euro-area countries … considers where blame for the crisis has been laid with the aim of informing the current debate on euro-area governance reform …