While there is increasing interest in decarbonizing or greening monetary policy, central
banks are keen to maintain market neutrality. However, there is evidence that the market has …

We identify two counteracting effects of credit access on productivity growth: on the one
hand, better access to credit makes it easier for entrepreneurs to innovate; on the other …

We study the preferential treatment of green bonds in the central bank collateral framework
as a climate policy instrument within a DSGE model with climate and financial frictions. In the …

This paper investigates employment effects of the Federal Reserve's quantitative easing
policies (QE) via a bank lending channel. We find that banks with higher mortgage-backed …

We analyze the role of loan maturity and collateral eligibility in the transmission of central
bank liquidity provisions to banks following a wholesale funding dry-up. We analyze the …

Major central banks accept nonmarketable assets, such as pooled individual corporate
loans, as collateral in their refinancing operations with banks. Such “eligible” loans to firms …

We assess transmission mechanisms and the macroeconomic impact of unconventional
monetary policy (UMP) in the Euro Area. We estimate a FAVAR model and use a shadow …

Credit guarantee schemes for bank loans are at the heart of most Governments' strategies to
help firms, and often direct vast volumes of credit. This paper examines Chile's credit …

We assess whether dual interest rates–central bank funding at rates below the interest rates
on reserves–influence the size and composition of bank credit. We measure exposure to the …

Existing research proves that companies' access to bank loans or other external sources of
financing for business development is one of the defining factors of the survival and …