On the effects of the ECB’s funding policies on bank lending
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Date
Authors
Gibson, Heather D.
Hall, Stephen George
Petroulas, Pavlos
Tavlas, George S.
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
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.
Description
Keywords
Euro area financial crisis, Monetary policy operations, European banks, Spatial panel model, European Central Bank (ECB)
Sustainable Development Goals
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.