On the effects of the ECB’s funding policies on bank lending

Gibson, Heather D.; Hall, Stephen George; Petroulas, Pavlos; Tavlas, George S.

dc.contributor.author	Gibson, Heather D.
dc.contributor.author	Hall, Stephen George
dc.contributor.author	Petroulas, Pavlos
dc.contributor.author	Tavlas, George S.
dc.date.accessioned	2020-05-21T14:10:41Z
dc.date.issued	2020-04
dc.description.abstract	The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had significant ramifications for euro area banking systems. As a result, bank lending declined sharply. We investigate the effects of ECB policies on banks’ lending, taking account of national and regional spillovers. The results suggest that those policies were important for rebuilding confidence, thus supporting bank lending in the euro area.	en_ZA
dc.description.department	Economics	en_ZA
dc.description.embargo	2021-04-01
dc.description.librarian	hj2020	en_ZA
dc.description.uri	http://www.elsevier.com/locate/jimf	en_ZA
dc.identifier.citation	2020, 'On the effects of the ECB’s funding policies on bank lending', Journal of International Money and Finance, vol. 102, art. 102112, pp. 1-11.	en_ZA
dc.identifier.issn	0261-5606 (print)
dc.identifier.issn	1873-0639 (online)
dc.identifier.other	10.1016/j.jimonfin.2019.102112
dc.identifier.uri	http://hdl.handle.net/2263/74686
dc.language.iso	en	en_ZA
dc.publisher	Elsevier	en_ZA
dc.rights	© 2020 Elsevier. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Journal of International Money and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published iJournal of International Money and Finance, vol. 102, art. 102112, pp. 1-11, 2020. doi : 10.1016/j.jimonfin.2019.102112.	en_ZA
dc.subject	Euro area financial crisis	en_ZA
dc.subject	Monetary policy operations	en_ZA
dc.subject	European banks	en_ZA
dc.subject	Spatial panel model	en_ZA
dc.subject	European Central Bank (ECB)	en_ZA
dc.title	On the effects of the ECB’s funding policies on bank lending	en_ZA
dc.type	Postprint Article	en_ZA