The recent financial crisis has stimulated theoretical and empirical research on the
propagation mechanisms underlying business cycles, in particular on the role of financial …

Negative interest rate policy (NIRP) is associated with a particular friction. The remuneration
of banks´ retail deposits tends to be floored at zero, which limits the transmission of policy …

Purpose This paper presents an integrated overview of the empirical literature on the impact
of all forms of unconventional monetary policy on macroeconomic variables and on markets …

This study contributes to current research on quantitative easing. We provide a novel
analysis of the quantitative easing effectiveness as an unconventional monetary policy tool …

Under the general trend of reducing leverage and strictly controlling new implicit debts of
local governments, the risk of nonstandard defaults by urban investment and development …

This paper examines whether euro area unconventional monetary policies have influenced
the overall resilience of the banking industry. We proxy bank resilience with a Z-score …

A bank that lends on the unsecured market requires compensations for facing the default
risk of the borrowing bank (credit risk) and the risk associated to its own future funding needs …

Following the bankruptcy of Lehman Brothers, interbank borrowing and lending dropped,
whereas reserve holdings of depository institutions skyrocketed, as the Fed injected liquidity …

Using US bank holding company data, we study the impact of the crisis liquidity programs
initiated by the US Federal Reserve on bank-specific information production. We find …

This paper examines the macroeconomic effects of unconventional monetary policies in
Mongolia, a developing and commodity‐exporting economy. Within a Bayesian structural …