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

Loading...
Thumbnail Image

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.