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Saleem Abubakr Bahaj

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Saleem Bahaj & Ricardo Reis, 2018. "Central Bank Swap Lines," Discussion Papers 1816, Centre for Macroeconomics (CFM).

    Mentioned in:

    1. Highlights from the Fourth Bi-annual Global Research Forum on International Macroeconomics and Finance
      by Blog Author in Liberty Street Economics on 2019-01-11 12:00:00

Working papers

  1. Tania Babina & Saleem Bahaj & Greg Buchak & Filippo De Marco & Angus Foulis & Will Gornall & Francesco Mazzola & Tong Yu, 2024. "Customer data access and fintech entry: early evidence from open banking," Bank of England Staff Working Paper series 1059, Bank of England.

    Cited by:

    1. Hakan Eroglu & Giulio Cornelli & Jon Frost & Friederike Rühmann & Vatsala Shreeti, 2026. "Opening doors to open finance: evidence from the international experience," BIS Papers, Bank for International Settlements, number 168.
    2. Khan, Habib Hussain & Qureshi, Fiza & Ahmad, Mohammad Rais & Anwar, Ayesha, 2026. "Fintech revolution in banking: A double-edged sword?," Pacific-Basin Finance Journal, Elsevier, vol. 96(C).
    3. Agur, Itai & Ari, Anil & Dell’Ariccia, Giovanni, 2025. "Bank competition and household privacy in a digital payment monopoly," Journal of Financial Economics, Elsevier, vol. 166(C).
    4. Athanassiou, Phoebus & Czák-Ludwig, Stephanie & Di Gabriele, Nico, 2026. "Neo-conglomerates and EU regulatory perimeter challenges – state of play and evaluation of policy options," Occasional Paper Series 394, European Central Bank.
    5. Tala Althinayyan & Mohammed Alojail, 2024. "Enhancing User Experience and Sustainability in Open Banking Using PLS-SEM," Sustainability, MDPI, vol. 16(22), pages 1-20, November.
    6. Malik, Sikandar Hayyat & Saba, Irum, 2025. "Navigating the intersection of competition and performance in the banking sector: A hybrid review," Research in International Business and Finance, Elsevier, vol. 76(C).
    7. Tao, Miaomiao & Che, Shuai & Klein, Tony, 2026. "Climate risk exposure and banking competition: Evidence from China’s listed banks," Finance Research Letters, Elsevier, vol. 88(C).
    8. Vannice Arrais Ramos & Rodrigo Heldt & Marlon Imhoff, 2026. "Understanding customer data sharing in open finance," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 31(2), pages 1-14, June.
    9. Ahnert, Toni & Hoffmann, Peter & Monnet, Cyril, 2025. "Payments and privacy in the digital economy," Journal of Financial Economics, Elsevier, vol. 169(C).
    10. Lwanga Elizabeth Nanziri & Paul Terna Gbahabo & Daniel Ofori-Sasu, 2026. "Open banking and financial inclusion in South Africa," Working Papers 11100, South African Reserve Bank.
    11. Christa Gibbs & Benedict Guttman-Kenney & Donghoon Lee & Scott Nelson & Wilbert van der Klaauw & Jialan Wang, 2025. "Consumer Credit Reporting Data," Journal of Economic Literature, American Economic Association, vol. 63(2), pages 598-636, June.
    12. Vives, Xavier & Ye, Zhiqiang, 2025. "Information technology and lender competition," Journal of Financial Economics, Elsevier, vol. 163(C).
    13. Vives, Xavier & Ye, Zhiqiang, 2025. "Fintech entry, lending market competition, and welfare," Journal of Financial Economics, Elsevier, vol. 168(C).
    14. Thu Thuy Nguyen & Huy Khoi Hoang & Long Thinh Hoang, 2026. "Open banking adoption intention and digital financial services usage intention: Evidence from a frontier market," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 31(3), pages 1-21, September.

  2. Laura Alfaro & Saleem Bahaj & Robert Czech & Jonathon Hazell & Ioana Neamțu, 2024. "LASH risk and interest rates," Bank of England Staff Working Paper series 1073, Bank of England.

    Cited by:

    1. Kubitza, Christian & Grochola, Nicolaus & Gründl, Helmut, 2025. "Life insurance convexity," Journal of Banking & Finance, Elsevier, vol. 178(C).
    2. Daniel Barth & R. Jay Kahn & Phillip J. Monin & Oleg Sokolinskiy, 2024. "Reaching for Duration and Leverage in the Treasury Market," Finance and Economics Discussion Series 2024-039, Board of Governors of the Federal Reserve System (U.S.).

  3. Saleem Bahaj & Marie Fuchs & Ricardo Reis, 2024. "The Global Network of Liquidity Lines," Discussion Papers 2423, Centre for Macroeconomics (CFM).

    Cited by:

    1. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2026. "States as financiers: International lending in war and peace," Kiel Working Papers 2321, Kiel Institute for the World Economy.

  4. Saleem Bahaj & Ricardo Reis, 2024. "The anatomy of a peg: lessons from China’s parallel currencies," Discussion Papers 2401, Centre for Macroeconomics (CFM).

    Cited by:

    1. Chiara Alvisi, 2025. "Cooperation, competition, or conflict? A review of the multiple international sides of money," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 9(2), pages 23-28, December.

  5. Saleem Bahaj & Robert Czech & Sitong Ding & Ricardo Reis, 2023. "The market for inflation risk," Bank of England Staff Working Paper series 1028, Bank of England.

    Cited by:

    1. Rompolis, Leonidas S., 2025. "Quantitative easing, uncertainty, and risk aversion," Journal of Banking & Finance, Elsevier, vol. 177(C).
    2. Braun, Robin & Miranda-Agrippino, Silvia & Saha, Tuli, 2025. "Measuring monetary policy in the UK: The UK monetary policy event-study database," Journal of Monetary Economics, Elsevier, vol. 149(C).
    3. Isaac Baley & Javier Turén, 2025. "Lumpy Forecasts," Working Papers 1476, Barcelona School of Economics.
    4. Xavier Gabaix & Ralph S J Koijen & Robert Richmond & Motohiro Yogo, 2024. "Artificial intelligence and big holdings data: Opportunities for central banks," BIS Working Papers 1222, Bank for International Settlements.
    5. Rodrigo Barria & Gabor Pinter, 2023. "Mispricing in inflation markets," Bank of England Staff Working Paper series 1034, Bank of England.

  6. Bahaj, Saleem & Reis, Ricardo, 2022. "The economics of liquidity lines between central banks," CEPR Discussion Papers 17122, Centre for Economic Policy Research.

    Cited by:

    1. Liu, Zhuqing & Zhang, Junmei, 2025. "Central bank swap arrangements, exchange rate volatility, and China’s exports," Journal of Multinational Financial Management, Elsevier, vol. 79(C).
    2. Willem H Buiter, 2023. "The widespread failure of central banks to control inflation," Economic Affairs, Wiley Blackwell, vol. 43(1), pages 2-31, February.
    3. Yu, Ziliang & Liu, Xiaomeng & Liu, Zhuqing & Li, Yang, 2023. "Central bank swap arrangements and exchange rate volatility: Evidence from China," Emerging Markets Review, Elsevier, vol. 56(C).

  7. Saleem Bahaj & Sophie Piton & Anthony Savagar, 2022. "Business creation during Covid-19," Bank of England Staff Working Paper series 981, Bank of England.

    Cited by:

    1. Daniel E. Rigobon & Thibaut Duprey & Artur Kotlicki & Philip Schnattinger & Soheil Baharian & Thomas R. Hurd, 2022. "Business Closures and (Re)Openings in Real-Time Using Google Places: Proof of Concept," JRFM, MDPI, vol. 15(4), pages 1-10, April.
    2. George Economides & James Malley & Apostolis Philippopoulos & Anastasios Rizos, 2025. "Policy interventions to mitigate the long-run costs of Brexit," Working Papers 2025_11, Business School - Economics, University of Glasgow.
    3. Yoojin Shin & Boram Choi, 2025. "The Changes in the Economic Environment and Corporate Information Asymmetry—Focusing on the COVID-19 Pandemic," Sustainability, MDPI, vol. 17(9), pages 1-17, April.
    4. David Van Dijcke & Marcus Buckmann & Arthur Turrell & Tomas Key, 2023. "Vacancy posting, firm balance sheets, and pandemic policy," Bank of England Staff Working Paper series 1033, Bank of England.
    5. Ascari, Guido & Colciago, Andrea & Silvestrini, Riccardo, 2023. "Business dynamism, sectoral reallocation and productivity in a pandemic," European Economic Review, Elsevier, vol. 156(C).

  8. Bahaj, Saleem & Reis, Ricardo, 2022. "Central bank swap lines: evidence on the effects of the lender of last resort," LSE Research Online Documents on Economics 112601, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Marco Garofalo & Giovanni Rosso & Roger Vicquéry, 2024. "Dominant currency pricing transition," Bank of England Staff Working Paper series 1074, Bank of England.
    2. Hermes, Felix & Schmeling, Maik & Schrimpf, Andreas, 2025. "The international dimension of repo: five new facts," Working Paper Series 3065, European Central Bank.
    3. Lu, Dong & Qian, Xingwang & Zhu, Wenyu, 2024. "External debt currency denomination and the currency composition of foreign exchange reserves," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    4. Saleem Bahaj & Marie Fuchs & Ricardo Reis, 2024. "The Global Network of Liquidity Lines," Discussion Papers 2423, Centre for Macroeconomics (CFM).
    5. Horn,Sebastian Andreas & Parks,Bradley Christopher & Reinhart,Carmen M. & Trebesch,Christoph, 2023. "China as an International Lender of Last Resort," Policy Research Working Paper Series 10380, The World Bank.
    6. Yu, Ziliang & Liu, Xiaomeng & Liu, Zhuqing & Li, Yang, 2023. "Central bank swap arrangements and exchange rate volatility: Evidence from China," Emerging Markets Review, Elsevier, vol. 56(C).
    7. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2026. "States as financiers: International lending in war and peace," Kiel Working Papers 2321, Kiel Institute for the World Economy.
    8. Tang, Lingxiao & Li, Kenan & Xu, Tao, 2025. "Do the People's Bank of China's currency swaps cause moral hazard?," Finance Research Letters, Elsevier, vol. 77(C).
    9. Barry Eichengreen & Poonam Gupta, 2023. "Priorities for the G20 Finance Track," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 17(1-2), pages 7-58, February.
    10. Pierre Olivier Gourinchas, 2023. "International Macroeconomics: From the Great Financial Crisis to COVID-19, and Beyond," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 1-34, March.
    11. Andrew Bailey & Jonathan Bridges & Richard Harrison & Josh Jones & Aakash Mankodi, 2025. "The Central Bank Balance Sheet As a Policy Tool: Lessons From the Bank of England's Experience," Journal of Financial Services Research, Springer;Western Finance Association, vol. 67(1), pages 5-30, April.
    12. Della Corte, Pasquale & Cenedese, Gino & Wang, Tianyu, 2020. "Currency Mispricing and Dealer Balance Sheets," CEPR Discussion Papers 15569, Centre for Economic Policy Research.
    13. Yasin Mimir & Yasin Kürşat Önder & Jose Villegas, 2026. "Sovereign Debt and Grace Periods," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 26/1137, Ghent University, Faculty of Economics and Business Administration.
    14. Richtmann, Mathis L. & Steininger, Lea, 2023. "From Bazooka to Backstop: The Political Economy of Standing Swap Facilities," Department of Economics Working Paper Series 334, WU Vienna University of Economics and Business.
    15. Kubitza, Christian & Sigaux, Jean-David & Vandeweyer, Quentin, 2025. "The implications of CIP deviations for international capital flows," Working Paper Series 3017, European Central Bank.
    16. Tao Liu & Dong Lu & Liang Wang, 2023. "Hegemony or Harmony? A Unified Framework for the International Monetary System," Working Papers 202305, University of Hawaii at Manoa, Department of Economics.
    17. Joshua Aizenman & Jamel Saadaoui, 2026. "The Cross-Country Resilience of Central, Eastern, and Southeastern European Countries during ECB Monetary Cycles," Open Economies Review, Springer, vol. 37(2), pages 521-555, April.
    18. Koyama, Kentaro & Takeda, Sumihiro, 2023. "Currency basis term structure, cross-border investment flow, and central bank currency swap agreement," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 470-482.
    19. Clayton, Christopher & Santos, Amanda Dos & Maggiori, Matteo & Schreger, Jesse, 2022. "Internationalizing Like China," SocArXiv r2msa, Center for Open Science.
    20. Tao Liu & Dong Lu & Liang Wang, 2025. "Hegemony or Harmony? A Unified Framework for the International Monetary System," Working Papers 202504, University of Hawaii at Manoa, Department of Economics.
    21. Cathrin Mohr & Christoph Trebesch, 2024. "Geoeconomics," CESifo Working Paper Series 11564, CESifo.
    22. Tang, Lingxiao & Li, Kenan & Ouyang, Yao, 2026. "Does the People's Bank of China's currency swap have macroeconomic stability effects?," Economic Modelling, Elsevier, vol. 155(C).
    23. Lim, Jamus Jerome & Long, Xin, 2026. "The dollar squeeze and economic growth," Journal of Macroeconomics, Elsevier, vol. 87(C).
    24. Michael David Bordo, 2021. "Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective," Open Economies Review, Springer, vol. 32(3), pages 587-611, July.
    25. Philippe Bacchetta & J. Scott Davis & Eric Van Wincoop, 2025. "Dollar Funding Fragility and Non-U.S. Global Banks," Working Papers 2531, Federal Reserve Bank of Dallas.
    26. Robert N. McCauley, 2024. "The Offshore Dollar and US Policy," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2024(2), pages 1-40, May.

  9. Bahaj, Saleem & Malherbe, Frédéric, 2021. "The Cross-border Effects of Bank Capital Regulation," CEPR Discussion Papers 16148, Centre for Economic Policy Research.

    Cited by:

    1. Carlos Cañón Salazar & Misa Tanaka & John Thanassoulis, 2024. "Regulatory stringency as a competitive tool for financial centres," Bank of England Staff Working Paper series 1098, Bank of England.
    2. Uroš Herman & Andreja Lenarčič & Mateja Gabrijelčič, 2025. "Firm performance and (foreign) debt financing before and during the global financial crisis: evidence from firm-level data," Risk Management, Palgrave Macmillan, vol. 27(4), pages 1-35, December.
    3. Maximiliano San Millán, 2025. "The Cross Border Effects of Bank Capital Regulation in General Equilibrium," Working Papers Central Bank of Chile 1046, Central Bank of Chile.
    4. Beck, Thorsten & Silva-Buston, Consuelo & Wagner, Wolf, 2025. "Supervisory arbitrage and real effects," Journal of Corporate Finance, Elsevier, vol. 95(C).
    5. Carlos Giraldo & Iader Giraldo-Salazar & Jose E. Gomez-Gonzalez & Jorge M Uribe, 2025. "The Disappearance of Bank Capital Pro-Cyclicality in Emerging and Low-Income Economies under Basel III," Documentos de trabajo 021826, FLAR.

  10. Saleem Bahaj & Ricardo Reis, 2020. "Jumpstarting an international currency," Bank of England Staff Working Paper series 874, Bank of England.

    Cited by:

    1. Georgios Georgiadis & Helena Le Mezo & Arnaud Mehl & Cedric Tille, 2021. "Fundamentals vs. policies: can the US dollar's dominance in global trade be dented?," IHEID Working Papers 12-2021, Economics Section, The Graduate Institute of International Studies.
    2. Barry Eichengreen & Camille Macaire & Arnaud Mehl & Eric Monnet & Alain Naef, 2024. "Currency internationalization with Chinese characteristics: Is capital‐account convertibility required for the renminbi to acquire reserve‐currency status?," International Finance, Wiley Blackwell, vol. 27(2), pages 102-128, August.
    3. Christopher Clayton & Matteo Maggiori & Jesse Schreger, 2025. "Putting Economics Back into Geoeconomics," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, pages 23-87, National Bureau of Economic Research, Inc.
    4. Zhang, Mi & Sensoy, Ahmet & Nguyen, Duc Khuong & Cheng, Feiyang, 2025. "Can bilateral RMB swap reduce monetary policy spillovers from the United States to China?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 101(C).
    5. Marina Zucker‐Marques & Pedro Perfeito da Silva, 2022. "The Role of Institutions: A Cross‐country Analysis of Renminbi Trading in Foreign Exchange Markets," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(3), pages 42-74, May.
    6. Leander Bindewald, 2021. "Inconsistent Definitions of Money and Currency in Financial Legislation as a Threat to Innovation and Sustainability," JRFM, MDPI, vol. 14(2), pages 1-17, January.
    7. Son, Minkyu, 2026. "The path to currency internationalization: Insights from the Chinese renminbi," Journal of International Money and Finance, Elsevier, vol. 160(C).
    8. Lodge, David & Pérez, Javier J. & Albrizio, Silvia & Everett, Mary & De Bandt, Olivier & Georgiadis, Georgios & Ca' Zorzi, Michele & Lastauskas, Povilas & Carluccio, Juan & Parraga Rodriguez, Susana &, 2021. "The implications of globalisation for the ECB monetary policy strategy," Occasional Paper Series 263, European Central Bank.
    9. Corsetti, Giancarlo & Crowley, Meredith & Han, Lu, 2022. "Invoicing and the dynamics of pricing-to-market: Evidence from UK export prices around the Brexit referendum," Journal of International Economics, Elsevier, vol. 135(C).
    10. He, Qing & Liu, Junyi & Yu, Jishuang, 2023. "Dancing with dragon: The RMB and developing economies’ currencies," Research in International Business and Finance, Elsevier, vol. 64(C).
    11. Zucker Marques, Marina, 2021. "Financial statecraft and transaction costs: The case of renminbi internationalization," Discussion Papers 2021/9, Free University Berlin, School of Business & Economics.
    12. Florez-Orrego, Sergio & Maggiori, Matteo & Schreger, Jesse & Sun, Ziwen & Tinda, Serdil, 2023. "Global Capital Allocation," SocArXiv 5s6n3, Center for Open Science.
    13. Zucker-Marques, Marina, 2025. "Currency Internationalization, payment infrastructures and central banks: An institutional analysis of renminbi internationalization," Research in International Business and Finance, Elsevier, vol. 73(PA).
    14. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, Centre for Economic Policy Research.
    15. Ryan Chahrour & Rosen Valchev, 2024. "The Dollar in an Era of International Retrenchment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(3), pages 1042-1080, September.
    16. Daisuke Ikeda, 2020. "Digital Money as a Unit of Account and Monetary Policy in Open Economies," IMES Discussion Paper Series 20-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
    17. Eren, Egemen & Malamud, Semyon, 2022. "Dominant currency debt," Journal of Financial Economics, Elsevier, vol. 144(2), pages 571-589.
    18. Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2022. "Patterns of invoicing currency in global trade: New evidence," Journal of International Economics, Elsevier, vol. 136(C).
    19. Mukhin, Dmitry, 2022. "An equilibrium model of the international price system," LSE Research Online Documents on Economics 112500, London School of Economics and Political Science, LSE Library.
    20. Ma, Chang & Rebucci, Alessandro & Zhou, Sili, 2025. "A nascent international financial channel of China's monetary policy transmission," BOFIT Discussion Papers 10/2025, Bank of Finland Institute for Emerging Economies (BOFIT).
    21. Liu, Tao & Wang, Xiaosong & Woo, Wing Thye, 2022. "The rise of Renminbi in Asia: Evidence from Network Analysis and SWIFT dataset," Journal of Asian Economics, Elsevier, vol. 78(C).
    22. Clayton, Christopher & Santos, Amanda Dos & Maggiori, Matteo & Schreger, Jesse, 2022. "Internationalizing Like China," SocArXiv r2msa, Center for Open Science.
    23. Antoine Berthou, 2023. "International sanctions and the dollar: Evidence from trade invoicing," Working papers 924, Banque de France.
    24. Alina Iancu & Gareth Anderson & Sakai Ando & Ethan Boswell & Andrea Gamba & Shushanik Hakobyan & Lusine Lusinyan & Neil Meads & Yiqun Wu, 2022. "Reserve Currencies in an Evolving International Monetary System," Open Economies Review, Springer, vol. 33(5), pages 879-915, November.
    25. Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2020. "Patterns in invoicing currency in global trade," Working Paper Series 2456, European Central Bank.
    26. Benigno, Pierpaolo & Schilling, Linda M. & Uhlig, Harald, 2022. "Cryptocurrencies, currency competition, and the impossible trinity," Journal of International Economics, Elsevier, vol. 136(C).
    27. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2021. "China's overseas lending," Journal of International Economics, Elsevier, vol. 133(C).
    28. Liu, Tao & Wang, Xiaosong & Woo, Wing Thye, 2025. "Invoicing currency and settlement currency: An empirical study and implications for RMB internationalization," China Economic Review, Elsevier, vol. 94(PC).
    29. Hao, Kaixuan & Han, Liyan & Li, (Tony) Wei, 2022. "The impact of China's currency swap lines on bilateral trade," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 173-183.

  11. Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019. "Employment and the collateral channel of monetary policy," Bank of England Staff Working Paper series 827, Bank of England.

    Cited by:

    1. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Caterina Mendicino & Ettore Panetti & Dominik Supera & Martina Jašová & José-Luis Peydró, 2022. "Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers," Working Papers 1338, Barcelona School of Economics.
    2. Gambacorta, Leonardo & Huang, Yiping & Li, Zhenhua & Qiu, Han & Chen, Shu, 2020. "Data vs collateral," CEPR Discussion Papers 15262, Centre for Economic Policy Research.
    3. Fumitaka Nakamura & Nao Sudo & Yu Sugisaki, 2021. "Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers," IMES Discussion Paper Series 21-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
    4. Almut Balleer & Peter Zorn, 2019. "Monetary Policy, Price Setting, and Credit Constraints," CESifo Working Paper Series 7978, CESifo.
    5. Marie Finnegan & Supriya Kapoor, 2023. "ECB unconventional monetary policy and SME access to finance," Small Business Economics, Springer, vol. 61(3), pages 1253-1288, October.
    6. Davide Melcangi & Javier Turen, 2021. "Subsidizing Startups under Imperfect Information," Staff Reports 995, Federal Reserve Bank of New York.
    7. Balleer, Almut & Zorn, Peter, 2020. "The Micro-level Price Response to Monetary Policy," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224557, Verein für Socialpolitik / German Economic Association.
    8. Gulyas, Andreas & Meier, Matthias & Ryzhenkov, Mykola, 2024. "Labor market effects of monetary policy across workers and firms," European Economic Review, Elsevier, vol. 166(C).
    9. Ferrando, Annalisa & Vermeulen, Philip & Durante, Elena, 2020. "Monetary policy, investment and firm heterogeneity," Working Paper Series 2390, European Central Bank.
    10. Robert Czech & Gábor Pintér, 2020. "Informed trading and the dynamics of client-dealer connections in corporate bond markets," Bank of England Staff Working Paper series 895, Bank of England.
    11. Bruno Albuquerque, 2021. "Corporate debt booms, financial constraints and the investment nexus," Bank of England Staff Working Paper series 935, Bank of England.
    12. Cesa-Bianchi, Ambrogio & Anderson, Gareth, 2020. "Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity," CEPR Discussion Papers 14426, Centre for Economic Policy Research.
    13. Bhargava, Apoorv & Gόrnicka, Lucyna & Xie, Peichu, 2023. "Leakages from macroprudential regulations: the case of household-specific tools and corporate credit," Working Paper Series 2784, European Central Bank.
    14. Matteo Benetton & Alessandro Gavazza & Paolo Surico, 2021. "Mortgage pricing and monetary policy," Bank of England Staff Working Paper series 936, Bank of England.
    15. Sumit Agarwa & Yongheng Deng & Quanlin Gu & Jia He & Wenlan Qian & Yuan Ren, 2022. "Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission [Policy intervention in debt renegotiation: evidence from the home affordable modification program]," Review of Finance, European Finance Association, vol. 26(3), pages 487-520.
    16. Cumming, Fergus, 2022. "Mortgage cash-flows and employment," European Economic Review, Elsevier, vol. 144(C).
    17. Singh, Aarti & Suda, Jacek & Zervou, Anastasia, 2021. "Heterogeneous labour market response to monetary policy: small versus large firms," Working Papers 2021-07, University of Sydney, School of Economics, revised Nov 2021.

  12. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2018. "Lending relationships and the collateral channel," Bank of England Staff Working Paper series 768, Bank of England.

    Cited by:

    1. Saleem Bahaj & Angus Foulis & Gabor Pinter, 2020. "Home Values and Firm Behavior," American Economic Review, American Economic Association, vol. 110(7), pages 2225-2270, July.
    2. Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019. "Employment and the collateral channel of monetary policy," Bank of England Staff Working Paper series 827, Bank of England.
    3. Tsuruta, Daisuke, 2023. "Bank loans, trade credit, and liquidity shortages of small businesses during the global financial crisis," International Review of Financial Analysis, Elsevier, vol. 90(C).
    4. Biswas, Sonny, 2023. "Collateral and bank screening as complements: A spillover effect," Journal of Economic Theory, Elsevier, vol. 212(C).
    5. Catherine L. Mann, 2024. "UK Business Investment: Economists, Managers, Financiers An Integrated Framework to Analyse the Past and Underpin Prospects," Insight Papers 036, The Productivity Institute.
    6. Iñaki Aldasoro & Sebastian Doerr, 2025. "Collateralized lending in private credit," BIS Working Papers 1267, Bank for International Settlements.
    7. Buchetti, Bruno & Miquel-Flores, Ixart & Fabrizi, Michele & Ipino, Elisabetta & Parbonetti, Antonio, 2025. "Organized crime and banks: assessing the effects of anti-mafia police actions on lending," Working Paper Series 3060, European Central Bank.
    8. Panagiota Papadimitri & Fotios Pasiouras & Menelaos Tasiou, 2021. "Do National Differences in Social Capital and Corporate Ethical Behaviour Perceptions Influence the Use of Collateral? Cross-Country Evidence," Journal of Business Ethics, Springer, vol. 172(4), pages 765-784, September.

  13. Saleem Bahaj & Ricardo Reis, 2018. "Central Bank Swap Lines," Bank of England Staff Working Paper series 741, Bank of England.

    Cited by:

    1. Gordon Y. Liao & Tony Zhang, 2020. "The Hedging Channel of Exchange Rate Determination," International Finance Discussion Papers 1283, Board of Governors of the Federal Reserve System (U.S.).
    2. Yuewen Tang & Alfred Wong, 2022. "What Drives Dollar Funding Stress in Distress?," International Journal of Central Banking, International Journal of Central Banking, vol. 18(4), pages 1-52, October.
    3. Liao, Gordon Y., 2020. "Credit migration and covered interest rate parity," Journal of Financial Economics, Elsevier, vol. 138(2), pages 504-525.
    4. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    5. Fernando Eguren-Martin, 2020. "Dollar shortages and central bank swap lines," Bank of England Staff Working Paper series 879, Bank of England.
    6. Ca' Zorzi, Michele & Dedola, Luca & Georgiadis, Georgios & Jarociński, Marek & Stracca, Livio & Strasser, Georg, 2020. "Monetary policy and its transmission in a globalised world," Working Paper Series 2407, European Central Bank.
    7. Patrick Augustin & Mikhail Chernov & Lukas Schmid & Dongho Song, 2020. "The Term Structure of Covered Interest Rate Parity Violations," NBER Working Papers 27231, National Bureau of Economic Research, Inc.
    8. Obstfeld, Maurice & Cerutti, Eugenio & Zhou, Haonan, 2019. "Covered Interest Parity Deviations: Macrofinancial Determinants," CEPR Discussion Papers 13886, Centre for Economic Policy Research.
    9. Robert N McCauley & Catherine R Schenk, 2020. "Central bank swaps then and now: swaps and dollar liquidity in the 1960s," BIS Working Papers 851, Bank for International Settlements.
    10. Valentin Haddad & Alan Moreira & Tyler Muir, 2020. "When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response," NBER Working Papers 27168, National Bureau of Economic Research, Inc.
    11. Bank for International Settlements, 2019. "Unconventional monetary policy tools: a cross-country analysis," CGFS Papers, Bank for International Settlements, number 63.
    12. Gino Cenedese & Pasquale Della Corte & Tianyu Wang, 2019. "Currency mispricing and dealer balance sheets," Bank of England Staff Working Paper series 779, Bank of England.
    13. Berthou, Antoine & Horny, Guillaume & Mésonnier, Jean-Stéphane, 2022. "The real effects of invoicing exports in dollars," Journal of International Economics, Elsevier, vol. 135(C).
    14. Jean Pisani-Ferry & Guntram B. Wolff & Jeremy Shapiro & Elina Ribakova & Mark Leonard, 2019. "Redefining Europe’s economic sovereignty," Bruegel Policy Contributions 31321, Bruegel.
    15. Robert N. McCauley, 2020. "The Global Domain of the Dollar: Eight Questions," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(4), pages 421-429, December.
    16. Rey, Hélène & Gourinchas, Pierre-Olivier & Sauzet, Maxime, 2019. "The International Monetary and Financial System," CEPR Discussion Papers 13714, Centre for Economic Policy Research.
    17. Emmanuel Carré & Laurent Le Maux, 2018. "The Federal Reserve's Dollar Swap Lines and the European Central Bank during the global financial crisis of 2007-2009," Post-Print hal-02570211, HAL.
    18. Egemen Eren & Andreas Schrimpf & Vladyslav Sushko, 2020. "US dollar funding markets during the Covid-19 crisis - the international dimension," BIS Bulletins 15, Bank for International Settlements.
    19. Wohlfarth, Paul & Chen, Xiaohong, 2024. "Limits to arbitrage and the term structure of CIP violations," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 95(C).
    20. Azar R. Hasanli, 2020. "Global Liquidity Challenges of the International Monetary System," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 032ah, Research Association for Interdisciplinary Studies.
    21. Olav Syrstad & Ganesh Viswanath-Natraj, 2020. "Price-setting in the foreign exchange swap market: Evidence from order flow," Working Paper 2020/16, Norges Bank.
    22. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    23. Klára Čermáková & Eduardo Aguiar Henrique Filho, 2021. "Effects of Expansionary Monetary Policy on Agricultural Commodities Market," Sustainability, MDPI, vol. 13(16), pages 1-21, August.
    24. Chernov, Mikhail & Augustin, Patrick & Schmid, Lukas & Song, Dongho, 2020. "The term structure of CIP violations," CEPR Discussion Papers 14774, Centre for Economic Policy Research.
    25. Kose,Ayhan & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Can This Time Be Different ? Policy Options in Times of Rising Debt," Policy Research Working Paper Series 9178, The World Bank.
    26. Hao, Kaixuan & Han, Liyan & Li, (Tony) Wei, 2022. "The impact of China's currency swap lines on bilateral trade," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 173-183.

  14. Saleem Bahaj & Angus Foulis & Gabor Pinter, 2017. "Home values and firm behaviour," Bank of England Staff Working Paper series 679, Bank of England.

    Cited by:

    1. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    2. Vladimir Smirnyagin, 2020. "Compositional Nature of Firm Growth and Aggregate Fluctuations," Working Papers 20-09, Center for Economic Studies, U.S. Census Bureau.
    3. Howard, Greg & Ornaghi, Arianna, 2021. "Closing Time : The Local Equilibrium Effects of Prohibition," The Warwick Economics Research Paper Series (TWERPS) 1347, University of Warwick, Department of Economics.
    4. S. Boragan Aruoba & Ronel Elul & Sebnem Kalemli Ozcan, 2022. "Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints," Working Papers 22-34, Federal Reserve Bank of Philadelphia.
    5. Toni Ahnert & Sebastian Doerr & Nicola Pierri & Yannick Timmer, 2026. "Information Technology in Banking and Entrepreneurship," Management Science, INFORMS, vol. 72(3), pages 1796-1813, March.
    6. Sidharth Moktan & Benjamin Guin & Liam Clarke, 2025. "The anatomy of a shock to residential real estate: the role of lending," Bank of England Staff Working Paper series 1111, Bank of England.
    7. Joseph, Andreas & Kneer, Christiane & van Horen, Neeltje, 2022. "All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis," CEPR Discussion Papers 14199, Centre for Economic Policy Research.
    8. Hau, Harald & Ouyang, Difei, 2024. "Can real estate booms hurt firms? Evidence on investment substitution," Journal of Urban Economics, Elsevier, vol. 144(C).
    9. Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019. "Employment and the collateral channel of monetary policy," Bank of England Staff Working Paper series 827, Bank of England.
    10. Giannetti, Mariassunta & Jasova, Martina & Mendicino, Caterina & Supera, Dominik, 2026. "Securities losses and the bank collateral channel of monetary transmission," Working Paper Series 3209, European Central Bank.
    11. Andrew Bailey & Ambrogio Cesa-Bianchi & Marco Garofalo & Richard Harrison & Nick McLaren & Rana Sajedi & Sophie Piton, 2023. "Structural change, global R* and the missing-investment puzzle," Bank of England Staff Working Paper series 997, Bank of England.
    12. Gambacorta, Leonardo & Huang, Yiping & Li, Zhenhua & Qiu, Han & Chen, Shu, 2020. "Data vs collateral," CEPR Discussion Papers 15262, Centre for Economic Policy Research.
    13. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2023. "Lending Relationships and the Collateral Channel," Review of Finance, European Finance Association, vol. 27(3), pages 851-887.
    14. Fergus Cumming, 2019. "Mortgage Cash-flows and Employment," Discussion Papers 1922, Centre for Macroeconomics (CFM).
    15. Jian Chu & Yaowen Shan & Gary Gang Tian, 2025. "Corrupt tax bureau commissioners and corporate tax avoidance," Review of Accounting Studies, Springer, vol. 30(2), pages 1873-1915, June.
    16. De Marco, Filippo & Kneer, Christiane & Wieladek, Tomasz, 2021. "The real effects of capital requirements and monetary policy: Evidence from the United Kingdom," Journal of Banking & Finance, Elsevier, vol. 133(C).
    17. Margaris, Aristotelis, 2024. "Monetary policy and house price heterogeneity: Evidence from the U.K," Economics Letters, Elsevier, vol. 244(C).
    18. Sebastian Doerr, 2019. "Unintended side effects: stress tests, entrepreneurship, and innovation," BIS Working Papers 823, Bank for International Settlements.
    19. Banerjee, Ryan & Blickle, Kristian, 2021. "Financial frictions, real estate collateral and small firm activity in Europe," European Economic Review, Elsevier, vol. 138(C).
    20. Fergus Cumming, 2018. "Mortgages, cash-flow shocks and local employment," Bank of England Staff Working Paper series 773, Bank of England.
    21. J. Scott Davis & Kevin X. D. Huang & Ayse Sapci, 2020. "Imperfect substitution in real estate markets and the effect of housing demand on corporate investment," Vanderbilt University Department of Economics Working Papers 20-00002, Vanderbilt University Department of Economics.
    22. Leonardo Gambacorta & Yiping Huang & Zhenhua Li & Han Qiu & Shu Chen, 2023. "Data versus Collateral," Review of Finance, European Finance Association, vol. 27(2), pages 369-398.
    23. Liu, Jiming & Liu, Yi & Zhang, Yue & Wu, Kai, 2026. "Riding the wave: How collateral shocks affect corporate financialization," Pacific-Basin Finance Journal, Elsevier, vol. 95(C).
    24. Fangzhi Liang & Gary Gang Tian & Zhihua Wei & Aimin Zeng, 2025. "All That Glitters is Not Gold: Examining the Negative Impact of Real Estate Value on Companies' Market Competitiveness," The Journal of Real Estate Finance and Economics, Springer, vol. 71(4), pages 722-766, November.
    25. Martin, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The financial transmission of housing bubbles: evidence from Spain," Working Paper Series 2245, European Central Bank.
    26. Si, Deng-Kui & Wang, Meng & Yu, Yong, 2025. "Does the housing purchase restriction policy promote entrepreneurship? Evidence from China," China Economic Review, Elsevier, vol. 90(C).
    27. Davis, J. Scott & Huang, Kevin X.D. & Sapci, Ayse, 2022. "Land price dynamics and macroeconomic fluctuations with imperfect substitution in real estate markets," Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
    28. Uesugi, Iichiro & Miyakawa, Daisuke & Hosono, Kaoru & Ono, Arito & Uchida, Hirofumi, 2025. "The collateral channel versus the bank lending channel: Evidence from a massive earthquake," Journal of Banking & Finance, Elsevier, vol. 170(C).
    29. Benedikt Vogt & Wolter Hassink & Matteo Millone & Remco Mocking, 2021. "Homeowners have easier and cheaper access to business credit," CPB Discussion Paper 420, CPB Netherlands Bureau for Economic Policy Analysis.
    30. Maryam Akbari Nasiri, 2020. "How long do Housing Cycles Last? A Duration Analysis for Emerging Economies," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 23(2), pages 179-200, July.
    31. Biswas, Sonny, 2023. "Collateral and bank screening as complements: A spillover effect," Journal of Economic Theory, Elsevier, vol. 212(C).
    32. Sam Miller & Boromeus Wanengkirtyo, 2020. "Liquidity and monetary transmission: a quasi-experimental approach," Bank of England Staff Working Paper series 891, Bank of England.
    33. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2021. "Monetary Policy, External Finance and Investment," Working Papers 92, Red Nacional de Investigadores en Economía (RedNIE).
    34. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España.
    35. Ma, Chao & Zhang, Shuoxun, 2024. "Can housing booms elevate financing costs of financial institutions?," Journal of Development Economics, Elsevier, vol. 167(C).
    36. Cameron LAPOINT & Shogo SAKABE, 2021. "Place-Based Policies and the Geography of Corporate Investment," Discussion papers 21059, Research Institute of Economy, Trade and Industry (RIETI).
    37. Kostas Vasilopoulos & William J. Tayler, 2026. "Real estate and construction sector dynamics over the business cycle," Economica, London School of Economics and Political Science, vol. 93(370), pages 577-610, April.
    38. Jérôme Héricourt & Jean Imbs & Lise Patureau, 2025. "The collateral channel within and between countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04929440, HAL.
    39. Tania Babina & Saleem Bahaj & Greg Buchak & Filippo De Marco & Angus Foulis & Will Gornall & Francesco Mazzola & Tong Yu, 2024. "Customer data access and fintech entry: early evidence from open banking," Bank of England Staff Working Paper series 1059, Bank of England.
    40. Adom, Idossou Marius, 2026. "A structural analysis of firms’ transition from informality to formality in Nigeria," Journal of Development Economics, Elsevier, vol. 179(C).
    41. Iñaki Aldasoro & Sebastian Doerr, 2025. "Collateralized lending in private credit," BIS Working Papers 1267, Bank for International Settlements.
    42. Hassink, Wolter & Millone, Matteo & Mocking, Remco & Vogt, Benedikt, 2021. "Home Ownership and Home Equity Promote Entrepreneurial Activity," IZA Discussion Papers 14170, IZA Network @ LISER.
    43. Carro, Adrian, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," INET Oxford Working Papers 2022-25, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    44. William Tayler & Konstantinos Vasilopoulos, 2021. "Real Estate and Construction Sector Dynamics Over the Business Cycle," Working Papers 326919291, Lancaster University Management School, Economics Department.
    45. da Fonseca, João Galindo & Pannella, Pierluca, 2023. "The housing boom and selection into entrepreneurship," Labour Economics, Elsevier, vol. 85(C).
    46. Blickle, Kristian, 2022. "Local banks, credit supply, and house prices," Journal of Financial Economics, Elsevier, vol. 143(2), pages 876-896.
    47. Döttling, Robin & Ratnovski, Lev, 2020. "Monetary policy and intangible investment," Working Paper Series 2444, European Central Bank.
    48. Feng Dong & Yang Jiao & Haoning Sun, 2024. "Bubbly Booms and Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 53, pages 71-122, July.
    49. Aydan Dogan & Ida Hjortsoe, 2024. "The role of finance for export dynamics: evidence from the UK," Bank of England Staff Working Paper series 1072, Bank of England.
    50. Sebastian Doerr & Andreas Fuster, 2025. "Affordable housing, unaffordable credit? Concentration and high-cost lending for manufactured homes," BIS Working Papers 1255, Bank for International Settlements.
    51. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2022. "Employment and the residential collateral channel of monetary policy," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 26-44.
    52. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    53. Jagjit S. Chadha & Richard Barwell, 2019. "Renewing our Monetary Vows: Open Letters to the Governor of the Bank of England," National Institute of Economic and Social Research (NIESR) Occasional Papers 58, National Institute of Economic and Social Research.
    54. Mao, Fengfu & Yuan, Yue & Zhang, Fan, 2025. "Firm-level perception of uncertainty, risk aversion, and corporate real estate investment: Evidence from China's listed firms," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1428-1441.
    55. Jackson, Paul & Madison, Florian, 2022. "Entrepreneurial finance and monetary policy," European Economic Review, Elsevier, vol. 141(C).
    56. Ryan Banerjee & Boris Hofmann & Aaron Mehrotra, 2022. "Corporate investment and the exchange rate: The financial channel," International Finance, Wiley Blackwell, vol. 25(3), pages 296-312, December.
    57. In Hwan Jo & Tatsuro Senga, 2019. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 68-93, April.

  15. Saleem Bahaj & Jonathan Bridges & Frederic Malherbe & Cian O’Neill, 2016. "What determines how banks respond to changes in capital requirements?," Bank of England Staff Working Paper series 593, Bank of England.

    Cited by:

    1. Borsuk, Marcin & Budnik, Katarzyna & Volk, Matjaz, 2020. "Buffer use and lending impact," Macroprudential Bulletin, European Central Bank, vol. 11.
    2. Saleem Bahaj & Frederic Malherbe, 2020. "The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending," Journal of Finance, American Finance Association, vol. 75(6), pages 3013-3053, December.
    3. David Aikman & Daniel Beale & Adam Brinley-Codd & Giovanni Covi & Anne‑Caroline Hüser & Caterina Lepore, 2023. "Macroprudential stress‑test models: a survey," Bank of England Staff Working Paper series 1037, Bank of England.
    4. De Jonghe, Olivier & Dewachter, Hans & Ongena, Steven, 2020. "Bank capital (requirements) and credit supply: Evidence from pillar 2 decisions," Journal of Corporate Finance, Elsevier, vol. 60(C).
    5. David Aikman & Andrew Haldane & Marc Hinterschweiger & Sujit Kapadia, 2018. "Rethinking financial stability," Bank of England Staff Working Paper series 712, Bank of England.
    6. Bahaj, Saleem & Malherbe, Frederic, 2024. "The cross-border effects of bank capital regulation," Journal of Financial Economics, Elsevier, vol. 160(C).
    7. Lubberink, Martien, 2020. "Max Headroom: Discretionary Capital Buffers and Bank Risk," MPRA Paper 100445, University Library of Munich, Germany.
    8. Malherbe, Frédéric & Bahaj, Saleem, 2016. "A positive analysis of bank behaviour under capital requirements," CEPR Discussion Papers 11607, Centre for Economic Policy Research.
    9. Stefan Angrick & Naoko Nemoto, 2018. "Breaking Par: Short-Term Determinants of Yen-Dollar Swap Deviations," ADBI Working Papers 859, Asian Development Bank Institute.
    10. Jonathan Bridges & Christopher Jackson & Daisy McGregor, 2017. "Down in the slumps: the role of credit in five decades of recessions," Bank of England Staff Working Paper series 659, Bank of England.
    11. Simona Malovana & Martin Hodula & Josef Bajzik & Zuzana Gric, 2021. "A Tale of Different Capital Ratios: How to Correctly Assess the Impact of Capital Regulation on Lending," Working Papers 2021/8, Czech National Bank, Research and Statistics Department.
    12. David Aikman & Jonathan Bridges & Anil Kashyap & Caspar Siergert, 2018. "Would macroprudential regulation have prevented the last crisis?," Bank of England Staff Working Paper series 747, Bank of England.
    13. Meeks, Roland, 2017. "Capital regulation and the macroeconomy: Empirical evidence and macroprudential policy," European Economic Review, Elsevier, vol. 95(C), pages 125-141.

  16. Saleem Bahaj & Angus Foulis, 2016. "Macroprudential policy under uncertainty," Bank of England Staff Working Paper series 584, Bank of England.

    Cited by:

    1. Tihana Škrinjarić, 2023. "Credit-to-GDP Gap Estimates in Real Time: A Stable Indicator for Macroprudential Policy Making in Croatia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(3), pages 582-614, September.
    2. Pervin Dadashova & Magnus Jonsson, 2019. "Mitigating the Cost of Stricter Macroprudential Policies," Working Papers 02/2019, National Bank of Ukraine.
    3. Punzi, Maria Teresa, 2020. "The impact of uncertainty on the macro-financial linkage with international financial exposure," Journal of Economics and Business, Elsevier, vol. 110(C).
    4. Marcus Buckmann & Paula Gallego Marquez & Mariana Gimpelewicz & Sujit Kapadia & Katie Rismanchi, 2021. "The more the merrier? Evidence from the global financial crisis on the value of multiple requirements in bank regulation," Bank of England Staff Working Paper series 905, Bank of England.
    5. Górajski, Mariusz & Kuchta, Zbigniew, 2023. "Coordination and non-coordination risks of monetary and macroprudential authorities: A robust welfare analysis," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).

  17. Malherbe, Frédéric & Bahaj, Saleem, 2016. "A positive analysis of bank behaviour under capital requirements," CEPR Discussion Papers 11607, Centre for Economic Policy Research.

    Cited by:

    1. Max Bruche & Frederic Malherbe & Ralf R. Meisenzahl, 2017. "Pipeline Risk in Leveraged Loan Syndication," Finance and Economics Discussion Series 2017-048, Board of Governors of the Federal Reserve System (U.S.).
    2. Jonathan Acosta-Smith & Guillaume Arnould & Kristoffer Milonas & Quynh-Anh Vo, 2019. "Capital and liquidity interaction in banking," Bank of England Staff Working Paper series 840, Bank of England.
    3. Sweder (S.J.G.) van Wijnbergen & Egle Jakucionyte, 2018. "Unclogging the Credit Channel: On the Macroeconomics of Banking Frictions," Tinbergen Institute Discussion Papers 18-006/VI, Tinbergen Institute, revised 12 Feb 2018.
    4. Malherbe, Frederic & McMahon, Michael, 2024. "Beyond Pangloss: Financial sector origins of inefficient economic booms," Journal of Monetary Economics, Elsevier, vol. 145(C).
    5. Segura, Anatoli & Suarez, Javier, 2019. "Optimally solving banks’ legacy problems," ESRB Working Paper Series 96, European Systemic Risk Board.
    6. Behn, Markus & Daminato, Claudio & Salleo, Carmelo, 2019. "A dynamic model of bank behaviour under multiple regulatory constraints," Working Paper Series 2233, European Central Bank.
    7. William F. Bassett & Jose M. Berrospide, 2018. "The Impact of Post Stress Tests Capital on Bank Lending," Finance and Economics Discussion Series 2018-087, Board of Governors of the Federal Reserve System (U.S.).
    8. Gehrig, Thomas & Iannino, Maria Chiara, 2018. "Did the Basel process of capital regulation enhance the resiliency of European Banks?," Bank of Finland Research Discussion Papers 16/2018, Bank of Finland.

  18. Saleem Bahaj & Angus Foulis & Gabor Pinter, 2016. "The Residential Collateral Channel," Discussion Papers 1607, Centre for Macroeconomics (CFM), revised Jun 2016.

    Cited by:

    1. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    2. Vladimir Smirnyagin, 2020. "Compositional Nature of Firm Growth and Aggregate Fluctuations," Working Papers 20-09, Center for Economic Studies, U.S. Census Bureau.
    3. Bahaj, Saleem Abubakr & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2018. "Employment and the collateral channel of monetary policy," LSE Research Online Documents on Economics 100934, London School of Economics and Political Science, LSE Library.
    4. Ryan Niladri Banerjee & Kristian S Blickle, 2016. "Housing collateral and small firm activity in Europe," BIS Working Papers 575, Bank for International Settlements.
    5. Fergus Cumming, 2019. "Mortgage Cash-flows and Employment," Discussion Papers 1922, Centre for Macroeconomics (CFM).
    6. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2018. "Lending Relationships and the Collateral Channel," Discussion Papers 1813, Centre for Macroeconomics (CFM).
    7. Sebastian Doerr, 2019. "Unintended side effects: stress tests, entrepreneurship, and innovation," BIS Working Papers 823, Bank for International Settlements.
    8. Fergus Cumming, 2018. "Mortgages, cash-flow shocks and local employment," Bank of England Staff Working Paper series 773, Bank of England.
    9. J. Scott Davis & Kevin X. D. Huang & Ayse Sapci, 2020. "Imperfect substitution in real estate markets and the effect of housing demand on corporate investment," Vanderbilt University Department of Economics Working Papers 20-00002, Vanderbilt University Department of Economics.
    10. Yu, Feng & Li, Ning & Zhuang, Castiel Chen & Chen, Jingwei, 2024. "Can rising urban house prices actually limit the outward FDI by firms in a home country? A story from China," Journal of International Money and Finance, Elsevier, vol. 147(C).
    11. Martin, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The financial transmission of housing bubbles: evidence from Spain," Working Paper Series 2245, European Central Bank.
    12. Davis, J. Scott & Huang, Kevin X.D. & Sapci, Ayse, 2022. "Land price dynamics and macroeconomic fluctuations with imperfect substitution in real estate markets," Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
    13. Kristian S. Blickle, 2018. "Local banks, credit supply, and house prices," Staff Reports 874, Federal Reserve Bank of New York.
    14. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España.
    15. Andreas Joseph & Christiane Kneer & Neeltje van Horen & Jumana Saleheen, 2019. "All you need is cash: corporate cash holdings and investment after the financial crisis," Bank of England Staff Working Paper series 843, Bank of England.
    16. Lu Zhang & Arzu Uluc & Dirk Bezemer, 2017. "Did pre-crisis mortgage lending limit post-crisis corporate lending? Evidence from UK bank balance sheets," Bank of England Staff Working Paper series 651, Bank of England.
    17. In Hwan Jo & Tatsuro Senga, 2018. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," 2018 Meeting Papers 955, Society for Economic Dynamics.
    18. Jagjit S. Chadha & Richard Barwell, 2019. "Renewing our Monetary Vows: Open Letters to the Governor of the Bank of England," National Institute of Economic and Social Research (NIESR) Occasional Papers 58, National Institute of Economic and Social Research.

  19. Saleem Bahaj, 2014. "Systemic Sovereign Risk: Macroeconomic Implications in the Euro Area," Discussion Papers 1406, Centre for Macroeconomics (CFM).

    Cited by:

    1. Shafik Hebous & Tom Zimmermann, 2014. "Revisiting the Narrative Approach of Estimating Tax Multipliers," CESifo Working Paper Series 5040, CESifo.
    2. Hebous, Shafik & Zimmermann, Tom, 2014. "Revisiting the Narrative Approach of Estimating Fiscal Multipliers," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100408, Verein für Socialpolitik / German Economic Association.
    3. Ari, Anil, 2018. "Sovereign risk and bank risk-taking," ESRB Working Paper Series 73, European Systemic Risk Board.
    4. Cristina Arellano & Yan Bai & Luigi Bocola, 2017. "Sovereign risk and firm heterogeneity," Staff Report 547, Federal Reserve Bank of Minneapolis.
    5. Jonas E. Arias & Juan F. Rubio-Ramírez & Daniel F. Waggoner, 2018. "Inference in Bayesian Proxy-SVARs," Working Papers 2018-13, FEDEA.
    6. Giancarlo Corsetti & Aitor Erce & Timothy Uy, 2017. "Official Sector Lending Strategies During the Euro Area Crisis," Discussion Papers 1720, Centre for Macroeconomics (CFM).
    7. Luigi Bocola, 2015. "The Pass-Through of Sovereign Risk," Working Papers 722, Federal Reserve Bank of Minneapolis.
    8. Dario Caldara & Edward P. Herbst, 2016. "Monetary Policy, Real Activity, and Credit Spreads : Evidence from Bayesian Proxy SVARs," Finance and Economics Discussion Series 2016-049, Board of Governors of the Federal Reserve System (U.S.).
    9. Mody, Ashoka & Nedeljkovic, Milan, 2024. "Central bank policies and financial markets: Lessons from the euro crisis," Journal of Banking & Finance, Elsevier, vol. 158(C).
    10. Ari, Anil, 2018. "Gambling traps," Working Paper Series 2217, European Central Bank.
    11. Ashoka Mody & Milan Nedeljkovic, 2018. "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," CESifo Working Paper Series 7400, CESifo.
    12. Cui, Wei, 2017. "Macroeconomic effects of delayed capital liquidation," LSE Research Online Documents on Economics 86156, London School of Economics and Political Science, LSE Library.
    13. Cristina Arellano & Yan Bai & Luigi Bocola, 2017. "Sovereign Default Risk and Firm Heterogeneity," NBER Working Papers 23314, National Bureau of Economic Research, Inc.
    14. Ashoka Mody & Milan Nedeljkovic, 2018. "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," Working Papers 253, Princeton University, Department of Economics, Center for Economic Policy Studies..
    15. Markus Eller & Thomas Reininger, 2016. "The influence of sovereign bond yields on bank lending rates: the pass-through in Europe," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 54-78.
    16. Brutti, Filippo & Sauré, Philip, 2015. "Transmission of sovereign risk in the Euro crisis," Journal of International Economics, Elsevier, vol. 97(2), pages 231-248.

Articles

  1. Babina, Tania & Bahaj, Saleem & Buchak, Greg & De Marco, Filippo & Foulis, Angus & Gornall, Will & Mazzola, Francesco & Yu, Tong, 2025. "Customer data access and fintech entry: Early evidence from open banking," Journal of Financial Economics, Elsevier, vol. 169(C).
    See citations under working paper version above.
  2. Saleem Bahaj & Sophie Piton & Anthony Savagar, 2024. "Business creation during COVID-19," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 39(119), pages 611-648.
    See citations under working paper version above.
  3. Bahaj, Saleem & Malherbe, Frederic, 2024. "The cross-border effects of bank capital regulation," Journal of Financial Economics, Elsevier, vol. 160(C).
    See citations under working paper version above.
  4. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2023. "Lending Relationships and the Collateral Channel," Review of Finance, European Finance Association, vol. 27(3), pages 851-887.
    See citations under working paper version above.
  5. Saleem Bahaj & Ricardo Reis, 2022. "The Economics of Liquidity Lines Between Central Banks," Annual Review of Financial Economics, Annual Reviews, vol. 14(1), pages 57-74, November.
    See citations under working paper version above.
  6. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2022. "Employment and the residential collateral channel of monetary policy," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 26-44.

    Cited by:

    1. Canofari, Paolo & Cucculelli, Marco & Piergallini, Alessandro & Renghini, Matteo, 2025. "Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity," Journal of Corporate Finance, Elsevier, vol. 94(C).
    2. Giannetti, Mariassunta & Jasova, Martina & Mendicino, Caterina & Supera, Dominik, 2026. "Securities losses and the bank collateral channel of monetary transmission," Working Paper Series 3209, European Central Bank.
    3. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2023. "Lending Relationships and the Collateral Channel," Review of Finance, European Finance Association, vol. 27(3), pages 851-887.
    4. Cao, Fangzhi & Su, Chi-Wei & Sun, Dian & Qin, Meng & Umar, Muhammad, 2024. "U.S. monetary policy: The pushing hands of crude oil price?," Energy Economics, Elsevier, vol. 134(C).
    5. Bhargava, Apoorv & Górnicka, Lucyna & Xie, Peichu, 2025. "Leakages from macroprudential regulations: The case of household-specific tools and corporate credit," Economic Modelling, Elsevier, vol. 153(C).
    6. Okan Akarsu & Mehmet Selman Çolak & Hatice Karahan & Huzeyfe Torun, 2025. "The heterogeneous impact of monetary policy announcements on firms’ financial outcomes," Empirical Economics, Springer, vol. 69(6), pages 3045-3087, December.
    7. Mayer, Pascal, 2025. "Going global, going digital: Firm internationalisation and digital resource use," Discussion Papers of the Institute for Organisational Economics 1/2025, University of Münster, Institute for Organisational Economics.
    8. Valentin Grob & Gabriel Züllig, 2024. "Corporate leverage and the effects of monetary policy on investment: A reconciliation of micro and macro elasticities," IRENE Working Papers 24-04, IRENE Institute of Economic Research.
    9. Durante, Elena & Ferrando, Annalisa & Vermeulen, Philip, 2022. "Monetary policy, investment and firm heterogeneity," European Economic Review, Elsevier, vol. 148(C).
    10. Priit Jeenas, 2023. "Firm Balance Sheet Liquidity, Monetary Policy Shocks, and Investment Dynamics," Working Papers 1409, Barcelona School of Economics.
    11. Lorenzo Menna & Martín Tobal & Alejandro Werner, 2026. "Monetary Policy Transmission in an Emerging Market: The Financial-Friction Channel VS The Interest-Rate Channel," Working Papers 394, Red Nacional de Investigadores en Economía (RedNIE).
    12. Central Bank of the Republic of Türkiye, 2025. "The heterogeneous impact of monetary policy announcements on firms' financial outcomes," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 295-330, Bank for International Settlements.
    13. Lim, Hyunjoon, 2025. "Do firm and lender characteristics matter in monetary policy transmission? Evidence from Korean loan-level data," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 256-268.
    14. Woo Suk Lee & Eunseong Ma, 2025. "Housing market connectedness and transmission of monetary policy," Economic Inquiry, Western Economic Association International, vol. 63(3), pages 961-984, July.
    15. Okan Akarsu & Mehmet Selman Colak & Hatice Karahan & Huzeyfe Torun, 2025. "The Heterogeneous Impact of Monetary Policy Announcements on Firms’ Financial Outcomes," Working Papers 2514, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.

  7. Saleem Bahaj & Ricardo Reis, 2022. "Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1654-1693.
    See citations under working paper version above.
  8. Saleem Bahaj & Angus Foulis & Gabor Pinter, 2020. "Home Values and Firm Behavior," American Economic Review, American Economic Association, vol. 110(7), pages 2225-2270, July.
    See citations under working paper version above.
  9. Bahaj, Saleem, 2020. "Sovereign spreads in the Euro area: Cross border transmission and macroeconomic implications," Journal of Monetary Economics, Elsevier, vol. 110(C), pages 116-135.

    Cited by:

    1. Iván Kataryniuk & Víctor Mora-Bajén & Javier J. Pérez, 2021. "EMU deepening and sovereign debt spreads: using political space to achieve policy space," Working Papers 2103, Banco de España.
    2. Philippe Andrade & Filippo Ferroni & Leonardo Melosi, 2025. "Higher-order Moment Inequality Restrictions for SVARs," Working Papers 25-3, Federal Reserve Bank of Boston.
    3. Tufan Ekici & Martin Geiger & Marios Zachariadis, 2024. "Understanding Expectations Formation for Hand-to-Mouth Households: Lessons from the Financial Crisis," University of Cyprus Working Papers in Economics 05-2024, University of Cyprus Department of Economics, revised 05 Nov 2024.
    4. Eijffinger, Sylvester C.W. & Pieterse-Bloem, Mary, 2023. "Eurozone government bond spreads: A tale of different ECB policy regimes," Journal of International Money and Finance, Elsevier, vol. 139(C).
    5. Mirela Miescu, 2019. "Uncertainty shocks in emerging economies," Working Papers 277077821, Lancaster University Management School, Economics Department.
    6. Sinem Hacioglu Hoke, 2019. "Macroeconomic effects of political risk shocks," Bank of England Staff Working Paper series 841, Bank of England.
    7. Jonathon Hazell & Stephan Hobler, 2025. "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers 2505, Centre for Macroeconomics (CFM).
    8. Harold Cole & Daniel Neuhann & Guillermo Ordonez, 2022. "Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis," PIER Working Paper Archive 22-017, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    9. Andrea Gazzani & Alejandro Vicondoa, 2020. "Bridge Proxy-SVAR: estimating the macroeconomic effects of shocks identified at high-frequency," Temi di discussione (Economic working papers) 1274, Bank of Italy, Economic Research and International Relations Area.
    10. Olli Palm'en, 2020. "Sovereign Default Risk and Credit Supply: Evidence from the Euro Area," Papers 2006.03592, arXiv.org.
    11. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, Centre for Economic Policy Research.
    12. Nguyen, Lam, 2025. "Bayesian inference in proxy SVARs with incomplete identification: Re-evaluating the validity of monetary policy instruments," Journal of Monetary Economics, Elsevier, vol. 155(C).
    13. Geiger, Martin & Güntner, Jochen, 2024. "The chronology of Brexit and UK monetary policy," Journal of Monetary Economics, Elsevier, vol. 142(C).
    14. Martin Bruns & Helmut Lütkepohl, 2026. "Review of Proxy Vector Autoregressive Analysis," Discussion Papers of DIW Berlin 2155, DIW Berlin, German Institute for Economic Research.
    15. Gian Paulo Soave, 2020. "International Drivers of Policy Uncertainty in Emerging Economies," Economics Bulletin, AccessEcon, vol. 40(1), pages 716-726.
    16. Billio, M. & Busetto, F. & Dufour, A. & Varotto, S., 2025. "Bond supply expectations and the term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 150(C).
    17. Clancy, Daragh & Gabriele, Carmine & Žigraiová, Diana, 2022. "Sovereign bond market spillovers from crisis-time developments in Greece," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 78(C).
    18. Schuster, Florian, 2023. "Spreads auf Staatsanleihezinsen, der EZB-Sicherheitenrahmen und Peripherieprämien in der Eurozone," Papers 277910, Dezernat Zukunft - Institute for Macrofinance, Berlin.
    19. Debrun, Xavier & Masuch, Klaus & Ferrero, Guiseppe & Vansteenkiste, Isabel & Ferdinandusse, Marien & von Thadden, Leopold & Hauptmeier, Sebastian & Alloza, Mario & Derouen, Chloé & Bańkowski, Krzyszto, 2021. "Monetary-fiscal policy interactions in the euro area," Occasional Paper Series 273, European Central Bank.
    20. Philippe Andrade & Filippo Ferroni & Leonardo Melosi, 2023. "Identification Using Higher-Order Moments Restrictions," Working Paper Series WP 2023-28, Federal Reserve Bank of Chicago.
    21. Li, Yulin & Wald, John K. & Wang, Zijun, 2025. "Not just the news: Higher moments of macroeconomic variables and sovereign bond returns," Global Finance Journal, Elsevier, vol. 66(C).
    22. Kerssenfischer, Mark & Schmeling, Maik, 2024. "What moves markets?," Journal of Monetary Economics, Elsevier, vol. 145(C).
    23. Martin Bruns & Helmut Lütkepohl, 2026. "Review of Proxy Vector and Autoregressive Analysis," University of East Anglia School of Economics Working Paper Series 2026-01, School of Economics, University of East Anglia, Norwich, UK..
    24. Kris James Mitchener & Christoph Trebesch, 2021. "Sovereign Debt in the 21st Century," CESifo Working Paper Series 8959, CESifo.
    25. Gibson, Heather D. & Hall, Stephen G. & Petroulas, Pavlos & Tavlas, George S., 2022. "An investigation into feedback and spatial relationships between banks’ share prices and sovereign bond spreads during the euro crisis," Journal of Financial Stability, Elsevier, vol. 63(C).
    26. Bruns, Martin, 2021. "Proxy Vector Autoregressions in a Data-rich Environment," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
    27. Giacomini, Raffaella & Kitagawa, Toru & Read, Matthew, 2022. "Robust Bayesian inference in proxy SVARs," Journal of Econometrics, Elsevier, vol. 228(1), pages 107-126.
    28. Schuster, Florian, 2023. "Sovereign spreads, central bank collateral frameworks, and periphery premia in the Eurozone," Papers 277915, Dezernat Zukunft - Institute for Macrofinance, Berlin.

  10. Saleem Bahaj & Frederic Malherbe, 2020. "The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending," Journal of Finance, American Finance Association, vol. 75(6), pages 3013-3053, December.

    Cited by:

    1. Anne Duquerroy & Adrien Matray & Farzad Saidi, 2024. "Tracing Banks’ Credit Allocation to Their Profits," CRC TR 224 Discussion Paper Series crctr224_2024_551, University of Bonn and University of Mannheim, Germany.
    2. Bonaccorsi di Patti, Emilia & Moscatelli, Mirko & Pietrosanti, Stefano, 2023. "The impact of bank regulation on the cost of credit: Evidence from a discontinuity in capital requirements," Journal of Financial Intermediation, Elsevier, vol. 55(C).
    3. Pedro Dias Moreira & João Monteiro, 2023. "The Impact of a Higher Cost of Credit on Exporters: Evidence from a Change in Banking Regulation," Working Papers w202320, Banco de Portugal, Economics and Research Department.
    4. Zongyuan Li & Rose Neng Lai, 2021. "Not All Bank Liquidity Creation Boosts Prices-The Case of the US Housing Market," International Real Estate Review, Global Social Science Institute, vol. 24(1), pages 19-58.
    5. Behn, Markus & Forletta, Marco & Reghezza, Alessio, 2024. "Buying insurance at low economic cost – the effects of bank capital buffer increases since the pandemic," Working Paper Series 2951, European Central Bank.
    6. Jan Lukas Schäfer, 2026. "Transmission of Negative Interest Rates: Reversal or Amplification?," Working Papers wp2026_2606, CEMFI.
    7. Jones, Laurence & Alsakka, Rasha & ap Gwilym, Owain & Mantovan, Noemi, 2022. "The impact of regulatory reforms on European bank behaviour: A dynamic structural estimation," European Economic Review, Elsevier, vol. 150(C).
    8. Manuel A. Muñoz & Frank Smets, 2025. "The positive neutral countercyclical capital buffer," Bank of England Staff Working Paper series 1128, Bank of England.
    9. Giovanardi, Francesco & Kaldorf, Matthias, 2024. "Climate change and the macroeconomics of bank capital regulation," Discussion Papers 13/2024, Deutsche Bundesbank.
    10. Gottardi, Piero & Maurin, Vincent & Monnet, Cyril, 2021. "Financial Fragility with Collateral Circulation," CEPR Discussion Papers 15757, Centre for Economic Policy Research.
    11. Ozili, Peterson K, 2023. "Financial stability and sustainable development," MPRA Paper 118793, University Library of Munich, Germany.
    12. Hempell, Hannah S. & Silva, Fatima & Scalone, Valerio & Cornacchia, Wanda & Di Virgilio, Domenica & Palligkinis, Spyros & Velez, Anatoli Segura & Borkó, Tamás & Espic, Aurélien & Garcia, Salomón & Hei, 2024. "Implications of higher inflation and interest rates for macroprudential policy stance," Occasional Paper Series 358, European Central Bank.
    13. Yuliyan Mitkov & Ulrich Schüwer, 2024. "On the Relationship between Borrower and Bank risk," ECONtribute Discussion Papers Series 294, University of Bonn and University of Cologne, Germany.
    14. Fátima Silva & Helena Carvalho, 2022. "The solvency and funding cost nexus - the role of market stigma for buffer usability," Working Papers w202211, Banco de Portugal, Economics and Research Department.
    15. R.I. Thamae & N.M. Odhiambo, 2022. "The Impact of Bank Regulation on Bank Lending: A Review of International Literature," Working Papers 2222, African Economic and Social Research Institute (AESRI).
    16. Tracey, Belinda & Sowerbutts, Rhiannon, 2025. "How do banks respond to misconduct costs?," Journal of Banking & Finance, Elsevier, vol. 178(C).
    17. Biswas, Sonny & Koufopoulos, Kostas, 2022. "Bank capital structure and regulation: Overcoming and embracing adverse selection," Journal of Financial Economics, Elsevier, vol. 143(3), pages 973-992.
    18. Milton Harris & Christian C. Opp & Marcus M. Opp, 2025. "Intermediary Capital and the Credit Market," Management Science, INFORMS, vol. 71(1), pages 162-183, January.
    19. Malherbe, Frederic & McMahon, Michael, 2024. "Beyond Pangloss: Financial sector origins of inefficient economic booms," Journal of Monetary Economics, Elsevier, vol. 145(C).
    20. Maddalena Galardo & Valerio Vacca, 2022. "Higher capital requirements and credit supply: evidence from Italy," Temi di discussione (Economic working papers) 1372, Bank of Italy, Economic Research and International Relations Area.
    21. Anne Duquerroy & Adrien Matray & Farzad Saidi, 2022. "Tracing Banks’ Credit Allocation to their Funding Costs," Working Papers 309, Princeton University, Department of Economics, Center for Economic Policy Studies..
    22. Zixuan Dai & Lei Xu, 2025. "Negative interest rates, bank capital and lending behaviours," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(3), pages 2487-2516, September.
    23. Bahaj, Saleem & Malherbe, Frederic, 2024. "The cross-border effects of bank capital regulation," Journal of Financial Economics, Elsevier, vol. 160(C).
    24. Hevér, Judit & Csóka, Péter, 2025. "The effect of regulatory requirements on market liquidity: ESG promotion as a special case," International Review of Economics & Finance, Elsevier, vol. 100(C).
    25. Piero Gottardi & Vincent Maurin & Cyril Monnet, 2023. "Fragility of Secured Credit Chains," Working Papers 23.01, Swiss National Bank, Study Center Gerzensee.
    26. Döttling, Robin & Rola-Janicka, Magdalena, 2023. "Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation," OSF Preprints ds7bx, Center for Open Science.
    27. Garcia-Villegas, Salomon & Martorell, Enric, 2024. "Climate transition risk and the role of bank capital requirements," Economic Modelling, Elsevier, vol. 135(C).
    28. Gottardi, Piero & Maurin, Vincent & Monnet, Cyril, 2025. "Fragility under joint financing: The (moral) hazards of diversification," Journal of Economic Theory, Elsevier, vol. 225(C).
    29. Doumpos, Michalis & Zopounidis, Constantin & Gounopoulos, Dimitrios & Platanakis, Emmanouil & Zhang, Wenke, 2023. "Operational research and artificial intelligence methods in banking," European Journal of Operational Research, Elsevier, vol. 306(1), pages 1-16.
    30. Behn, Markus & Schramm, Alexander, 2020. "The impact of G-SIB identification on bank lending: evidence from syndicated loans," Working Paper Series 2479, European Central Bank.
    31. Kagerer, Benedikt & Pancaro, Cosimo & Reghezza, Alessio & De Vito, Antonio, 2025. "Hidden weaknesses: the role of unrealized losses in monetary policy transmission," Working Paper Series 3129, European Central Bank.
    32. Giovanardi, Francesco & Kaldorf, Matthias, 2024. "Climate Change and the Macroeconomics of Bank Capital Regulation," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302379, Verein für Socialpolitik / German Economic Association.
    33. Giovanardi, Francesco & Kaldorf, Matthias, 2026. "Climate change and the macroeconomics of bank capital regulation," Journal of Monetary Economics, Elsevier, vol. 159(C).
    34. Buchholz, Manuel & Löffler, Axel & Sigel, Patrick, 2025. "Do capital requirements and their international differences affect banks' profitability?," Discussion Papers 31/2025, Deutsche Bundesbank.
    35. Viral V. Acharya & Katharina Bergant & Matteo Crosignani & Tim Eisert & Fergal Mccann, 2022. "The Anatomy of the Transmission of Macroprudential Policies," Journal of Finance, American Finance Association, vol. 77(5), pages 2533-2575, October.
    36. Richard J. Cebula & Jiay Xu, 2023. "A Brief Survey of Recent Studies of Bank Failures in the U.S," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 76(2), pages 265-274.
    37. Pierluigi Bologna & Maddalena Galardo, 2024. "Calibrating the countercyclical capital buffer using AUROCs," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 53(1), February.
    38. Behn, Markus & Schramm, Alexander, 2021. "The impact of G-SIB identification on bank lending: Evidence from syndicated loans," Journal of Financial Stability, Elsevier, vol. 57(C).
    39. Pierluigi Bologna & Maddalena Galardo, 2022. "Calibrating the countercyclical capital buffer for Italy," Questioni di Economia e Finanza (Occasional Papers) 679, Bank of Italy, Economic Research and International Relations Area.
    40. Haselmann, Rainer & Kick, Thomas & Singla, Shikhar & Vig, Vikrant, 2022. "Capital regulation, market-making, and liquidity," LawFin Working Paper Series 44, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).

  11. Saleem Bahaj & Angus Foulis, 2017. "Macroprodential Policy under Uncertainty," International Journal of Central Banking, International Journal of Central Banking, vol. 13(3), pages 119-154, September.
    See citations under working paper version above.

Chapters

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