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The severe recessions following the global financial crisis of 2007–2008 left numerous European banks with acutely distressed loan books. In the subsequent recovery, bank lending in Europe has fallen dramatically behind ...

In recent years, the ECB has supported bank lending in the euro area by offering long-term financing to banks. The aim of the longer-term refinancing operations (LTROs), the most recent one in particular, was to encourage ...

Koronapandemian toinen aalto rantautui Eurooppaan syksyllä 2020. Uusi leviämisaalto ja sitä seuranneet lukuisat yhteiskunnan sulkutoimenpiteet merkitsivät epävarmuuden jatkumista rahoitusmarkkinoilla ja taloudessa. EKP:n ...

EKP on tukenut euroalueen pankkien luotonantoa viime vuosina tarjoamalla pankeille pitkäkestoista rahoitusta. Erityisesti viimeisimmässä pitkien rahoitusoperaatioiden sarjassa tavoitteena on ollut kannustaa pankkeja lisäämään ...

This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy ...

This study estimates the effect of the European Central Bank’s second series of targeted longerterm refinancing operations (TLTRO-II) on bank lending using bank level data from multiple countries and instrumental variable ...

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of different maturities during 2010–2020. We find changes in the pass-through as policy rates first dip below ...

We evaluate the effects of targeted credit injections of the central bank in the euro area. The aggregate policy impacts of credit easing on financial markets, bank lending and key macroeconomic variables are measured with ...

We study the effect of collateral eligibility of corporate loans on the pricing of these loans by banks in Finland. Specifically, we investigate whether loans that are pledgeable as collateral for central bank borrowing ...

This paper studies whether and how banks’ technological innovations affect the bank lending channel of monetary policy transmission. We first provide a theoretical model in which banks’ technological innovation relaxes ...