On the Effects of the ECB’s Funding Policies on Bank Lending
journal contributionposted on 2020-03-03, 11:51 authored by Heather Gibson, Stephen Hall, Pavlos Petroulas, George Tavlas
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.
CitationJournal of International Money and Finance Volume 102, April 2020, 102112
Author affiliationSchool of Business
- AM (Accepted Manuscript)