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Displaying results 1 to 6 of 6.

  1. Impact of targeted credit easing by the ECB: bank-level evidence
    Author: Bats, Joost; Hudepohl, Tom
    Published: [2019]
    Publisher:  De Nederlandsche Bank NV, Amsterdam, the Netherlands

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Volltext (kostenfrei)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / De Nederlandsche Bank NV ; no. 631 (April 2019)
    Subjects: TLTRO; monetary policy; refinancing operations; credit easing; bank credit
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  2. The CO 2 content of the TLTRO III scheme and its greening
    Author: Colesanti Senni, Chiara; Pagliari, Maria Sole; Klooster, Jens van 't
    Published: May 2023
    Publisher:  Grantham Research Institute on Climate Change and the Environment, London

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Rechte
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Centre for Climate Change Economics and Policy working paper ; no. 422
    Grantham Research Institute on Climate Change and the Environment working paper ; no. 398
    Subjects: TLTRO; CO 2 emissions; transition risk; monetary policy; financial stability
    Scope: 1 Online-Ressource (circa 36 Seiten)
  3. Assessing targeted longer-term refinancing operations
    identification through search intensity
    Author: Laine, Olli-Matti; Nelimarkka, Jaakko
    Published: 21 September 2023
    Publisher:  Bank of Finland, Helsinki

    We evaluate the effects of targeted credit injections of the central bank in the euro area. The aggregate policy impacts of credit easing on financial markets, bank lending and key macroeconomic variables are measured with a novel identification... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 685
    Inter-library loan:
    No inter-library loan

     

    We evaluate the effects of targeted credit injections of the central bank in the euro area. The aggregate policy impacts of credit easing on financial markets, bank lending and key macroeconomic variables are measured with a novel identification approach based on high-frequency web search data. Our results suggest that the targeted longer-term refinancing operations of the European Central Bank between 2014 and 2021 eased credit conditions in financial markets and had economically and statistically significant positive effects on GDP growth, bank lending and firm investment.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523234468
    Other identifier:
    hdl: 10419/277763
    Series: Bank of Finland research discussion papers ; 2023, 13
    Subjects: Monetary policy; High-frequency identification; TLTRO; Bank lending
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. The CO2 content of the TLTRO III scheme and its greening
    Author: Colesanti Senni, Chiara; Pagliari, Maria Sole; Klooster, Jens van 't
    Published: [2023]
    Publisher:  De Nederlandsche Bank NV, Amsterdam, The Netherlands

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSS 28
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DNB working paper ; no. 792 (October 2023)
    Subjects: TLTRO; CO2 emissions; transition risk; monetary policy; financial stability
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  5. Options embedded in ECB targeted refinancing operations
    Author: Renne, Jean-Paul
    Published: 2014
    Publisher:  Banque de France, Paris

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Nicht speichern
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Document de travail / Banque de France ; 518
    Subjects: unconventional monetary policy; option pricing; TLTRO
    Scope: Online-Ressource (22 S.), graph. Darst.
    Notes:

    Zsfassung in franz. Sprache
  6. Bank’s risk-taking channel of monetary policy and TLTRO
    evidence from the eurozone
    Author: Afonso, António; Ferreira, Jorge Braga
    Published: May 2024
    Publisher:  CESifo, Munich, Germany

    Using a panel data approach with bank-fixed effects, we study the impact of Targeted Longer-Term Refinancing Operations (TLTRO) on banks’ risk, given by their distance to default (DtD). The study aims to determine if the liquidity from TLTROs... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
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    Using a panel data approach with bank-fixed effects, we study the impact of Targeted Longer-Term Refinancing Operations (TLTRO) on banks’ risk, given by their distance to default (DtD). The study aims to determine if the liquidity from TLTROs influences banks’ risk-taking behaviour. For the period from 2012:Q1 to 2018:Q4, covering 90 listed banks from 16 Eurozone countries, our findings show that TLTRO is associated with an increase in banks’ default risk. However, banks that participated in TLTRO experienced a positive effect on their default risk, indicating that they may have used liquidity to strengthen their financial position. Furthermore, we found no evidence that TLTRO liquidity encouraged banks to significantly increase lending or invest in riskier assets. Finally, our results also suggest that TLTRO’s impact is consistent across banks of different sizes and that the competition within the banking sector does not influence how banks utilize TLTRO liquidity.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CESifo working papers ; 11116 (2024)
    Subjects: ECB; TLTRO; unconventional monetary policy; bank risk; moral hazard; risk-taking channel
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen