Anne-Laure Delatte, Pranav Garg and Jean Imbs, (2019), “A heterogenous response to unconventional monetary policy”, VoxEU, 21 Μαϊου
The ECB’s unconventional monetary policy package implemented in February 2012 changed collateral requirements. This column examines the effects in the French credit market, using data on corporate loans. Credit indeed increased after the liquidity injection, exclusively driven by supply. There was also strategic risk-taking by a group of banks, an unintentional implication of the policy.
- Ellen Ryan and Karl Whelan, (2019), «Quantitative easing and the ‘hot potato’ effect: Evidence from euro area banks», VoxEU, 5 Απριλίου
- Carlo Alcaraz, Stijn Claessens, Gabriel Cuadra, David Marques-Ibanez and Horacio Sapriza, (2019), «Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?», ECB Working Paper Series No2249, Μάρτιος