This paper investigates the existence of cross-sectional differences in the response of
lending to monetary policy and GDP shocks owing to differences in bank capitalization. It …

This paper tests cross-sectional differences in the effectiveness of the bank lending channel.
The results, derived from a comprehensive sample of Italian banks, suggest that …

This paper studies the monetary transmission mechanism using disaggregated industry data
from five industrialized countries. Our goal is to document the cross-industry heterogeneity of …

This paper offers a comprehensive comparison of the structure of banking and financial
markets in the euro area. Based on this, several hypotheses about the role of banks in …

The response of aggregate lending to monetary policy is stronger in state banking markets
where financially constrained banks have more market share. On the other hand, there is …

This paper examines evidence for a bank lending channel in Europe. Following the
approach suggested by Kishan and Opiela (2000) we use bank balance sheet data to …

We examine the role of bank competition for the transmission of monetary policy through the
bank lending channel. We also consider the extent to which banks' characteristics–ie size …

Proper conduct of monetary policy requires understanding the monetary transmission
mechanism, to monitor the economy, make decisions on the stance of policy, and explain …

We analyze the differences in lending policies across banks characterized by different types
of ownership, using micro-level data on Euro area banks during the period 1999–2011 to …

Drawing on recent Eurosystem research that uses a range of econometric techniques and a
number of new data sets, we propose a comprehensive description of how monetary policy …