This paper reviews empirical and theoretical work on the links between banks and their
governments (the bank-sovereign nexus). How significant is this nexus? What do we know …

Do climate-oriented regulatory policies affect the flow of credit towards polluting firms? We
match loan-level data to firm-level greenhouse gas emissions to assess the impact of the …

We study the impact of higher capital requirements on banks' balance sheets and their
transmission to the real economy. The 2011 EBA capital exercise is an almost ideal quasi …

The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look
back on the ECB's record and learn lessons that can improve the conduct of policy in the …

We quantify the role of financial leverage behind the sluggish post-crisis investment
performance of European firms. We use a cross-country firm-bank matched database to …

We explore the causes of the credit crunch during the European sovereign debt crisis and its
impact on the corporate policies of European firms. Our results show that value impairment …

We show that eurozone bank risks during 2007–2013 can be understood as carry trade
behavior. Bank equity returns load positively on peripheral (Greece, Italy, Ireland, Portugal …

Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the
determinants of banks' sovereign exposures and their effects on lending during and after the …

Banks have come a long way since medieval times, enduring and surviving many crises.
The economic crisis induced by the Covid-19 pandemic may provoke another financial …

Current empirical methods to identify and assess the impact of bank credit supply shocks
rely strictly on multi-bank firms and ignore firms borrowing from only one bank. Yet, these …