We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations
(TLTROs) on the lending policies of euro area banks. We first build a theoretical model in …

We assess the impact on the credit supply to non-financial corporations of the two very long
term refinancing operations (VLTROs) conducted by the Eurosystem in December 2011 and …

We model how monetary policy shocks affect the lending behavior of small and large banks.
Other things being equal, small banks are riskier than large banks since the latter are more …

We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations
(TLTROs) on the lending policies of euro area banks. To guide our empirical research, we …

We document the mechanism through which the risk of fire sales in the sovereign bond
market contributed to the effectiveness of two major central bank interventions designed to …

In this paper we investigate whether the targeted longer-term refinancing operations
(TLTRO) and the asset purchase programme (APP) led to lower interest rates on new …

We study the implications of the Eurosystem's expanded Asset Purchase Programme (APP)
for the bank lending business of euro area banks with euro area non-financial corporations …