Abstract Launched in Summer 2012, the European Central Bank's (ECB) Outright Monetary Transactions (OMT) program indirectly recapitalized European banks through its positive …
Exploiting confidential data from the euro area, we show that sound banks pass negative rates on to their corporate depositors and that pass-through is not impaired when policy …
Notes: In the top panel, each dot represents a decile of the distribution of monthly bank stock returns in the euro area. The sample is an unbalanced panel of 323 euro area banks …
O De Jonghe, H Dewachter, S Ongena - Journal of Corporate Finance, 2020 - Elsevier
We analyze how time-varying bank-specific capital requirements affect bank lending to the non-financial corporate sector as well as banks' balance sheet adjustments. To do so, we …
This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using bank–firm level credit data, we show that banks reallocate …
C Abuka, RK Alinda, C Minoiu, JL Peydró… - Journal of Development …, 2019 - Elsevier
Recent studies of monetary policy in developing countries document a weak bank lending channel based on aggregate data. In this paper, we bring new evidence using Uganda's …
Does investors' political ideology shape international capital allocation? We provide evidence from two settings—syndicated corporate loans and equity mutual funds—to show …
U Albertazzi, F Barbiero, D Marques-Ibanez, AA Popov… - 2020 - papers.ssrn.com
The response of major central banks to the global financial crisis has revived the debate around the interactions between monetary policy (MP) and bank stability. This technical …
We investigate whether government credit guarantee schemes, extensively used at the onset of the Covid-19 pandemic, led to substitution of non-guaranteed with guaranteed …