scholarly journals Loan Supply Shocks During the Financial Crisis: Evidence for the Euro Area

2011 ◽  
Author(s):  
Nikolay Hristov ◽  
Oliver Hülsewig ◽  
Timo Wollmershaeuser
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Supply Shocks ◽  
Loan Supply

scholarly journals Loan supply shocks during the financial crisis: Evidence for the Euro area

2012 ◽  
Vol 31 (3) ◽  
pp. 569-592 ◽  
Author(s):  
Nikolay Hristov ◽  
Oliver Hülsewig ◽  
Timo Wollmershäuser
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Supply Shocks ◽  
Loan Supply

scholarly journals Loan supply, credit markets and the euro area financial crisis

2019 ◽  
Vol 109 ◽  
pp. 105658 ◽  
Author(s):  
Carlo Altavilla ◽  
Matthieu Darracq Pariès ◽  
Giulio Nicoletti
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Credit Markets ◽  
Loan Supply

scholarly journals Bank loan supply shocks and alternative financing of non‐financial corporations in the euro area

2020 ◽  
Vol 88 (S1) ◽  
pp. 126-150
Author(s):  
Martin Mandler ◽  
Michael Scharnagl
Keyword(s):  
Euro Area ◽  
Bank Loan ◽  
Supply Shocks ◽  
Loan Supply

Strategy in Action

2021 ◽  
pp. 109-164
Author(s):  
Massimo Rostagno ◽  
Carlo Altavilla ◽  
Giacomo Carboni ◽  
Wolfgang Lemke ◽  
Roberto Motto ◽  
...  
Keyword(s):  
Financial Crisis ◽  
Central Bank ◽  
Euro Area ◽  
European Central Bank ◽  
Policy Framework ◽  
Inflation Expectations ◽  
Demand Shocks ◽  
European Central ◽  
Supply Shocks

The policy framework of the European Central Bank (ECB) attracted both bouquets and brickbats in the pre-crisis era. This chapter aims to assess those arguments with hindsight: was policy successful in delivering the objective or was it instead ‘inattentive’, as some critics at the time claimed? We argue that the euro area economy faced a series of inflationary supply shocks and the policy framework was helpful in those conditions. The perceived asymmetry of the inflation objective—with a hard ‘ceiling’ at 2%—allowed automatic adjustments in underlying conditions, including inflation expectations, to do a large part of the stabilization job. However, we show that this self-stabilizing mechanism also admits a second regime: if the economy enters a situation where negative demand shocks dominate, the ‘ceiling’ ceases to bind and act as a stabilizer, leading inflation to drift downwards. We contend that the ECB may have entered such a regime after the financial crisis.

scholarly journals The national segmentation of euro area bank balance sheets during the financial crisis

2017 ◽  
Vol 53 (1) ◽  
pp. 247-265 ◽  
Author(s):  
A. Colangelo ◽  
D. Giannone ◽  
M. Lenza ◽  
H. Pill ◽  
L. Reichlin
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Balance Sheets ◽  
Bank Balance Sheets
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