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Ryan Niladri Banerjee

Citations

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RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Ryan Banerjee & Anamaria Illes & Enisse Kharroubi & José María Serena Garralda, 2020. "Covid-19 and corporate sector liquidity," BIS Bulletins 10, Bank for International Settlements.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Business support

Working papers

  1. Ryan Niladri Banerjee & Jon Frost & Michael Chui & Jose Maria Vidal Pastor, 2025. "Elasticity in the monetary system," BIS Bulletins 101, Bank for International Settlements.

    Cited by:

    1. Greitens, Jan, 2026. "Monetary anchors in a digital age: A historical perspective on the ECB's digital euro and US stablecoins," IBF Paper Series 02-26, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.

  2. Ryan Niladri Banerjee & Boris Hofmann & Ding Xuan Ng & Gabor Pinter, 2025. "The rise of non-bank financial institutions: implications for monetary policy," BIS Bulletins 116, Bank for International Settlements.

    Cited by:

    1. Ryan Niladri Banerjee & Lena Boneva & Gabor Pinter & Vladyslav Sushko, 2026. "Monetary policy transmission to exchange rates: the role of currency carry trades," BIS Bulletins 124, Bank for International Settlements.
    2. Central Bank of Malaysia, 2026. "Capital flows, exchange rates and financial conditions in an evolving international monetary system - Malaysia's perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 210-225, Bank for International Settlements.
    3. Anyfantaki, Sofia & Cucic, Dominic & Fricke, Daniel & Hartmann, Philipp & Kaufmann, Christoph & Lukmanova, Elizaveta & Maddaloni, Angela & Barahona, Ricardo, 2026. "Monetary policy transmission and non-bank financial intermediation," Occasional Paper Series 391, European Central Bank.
    4. Paolo Cavallino & Torsten Ehlers & Fredy Gamboa & Rafael Guerra & Berenice Martinez & Ilhyock Shim, 2026. "Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 6-62, Bank for International Settlements.

  3. Ryan Niladri Banerjee & Valerie Boctor & Aaron Mehrotra & Fabrizio Zampolli, 2023. "Fiscal sources of inflation risk in EMDEs: the role of the external channel," BIS Working Papers 1110, Bank for International Settlements.

    Cited by:

    1. Brandao-Marques, Luis & Casiraghi, Marco & Gelos, Gaston & Harrison, Olamide & Kamber, Gunes, 2024. "Is high debt Constraining monetary policy? evidence from inflation expectations," Journal of International Money and Finance, Elsevier, vol. 149(C).

  4. Ryan Niladri Banerjee & Valerie Boctor & Aaron Mehrotra & Fabrizio Zampolli, 2022. "Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes," BIS Working Papers 1028, Bank for International Settlements.

    Cited by:

    1. Roben Kloosterman & Dennis Bonam & Koen van der Veer, 2022. "The effects of monetary policy across fiscal regimes," Working Papers 755, DNB.
    2. Ken Matsumoto, 2024. "Reconsideration of modern monetary theory-type fiscal and monetary stabilization policy from a viewpoint of the dynamic Keynesian model," Asia-Pacific Journal of Regional Science, Springer, vol. 8(2), pages 737-754, June.
    3. David, Antonio C. & Pienknagura, Samuel & Yépez, Juan F., 2025. "Can fiscal consolidations announcements help anchor inflation expectations?," Journal of International Money and Finance, Elsevier, vol. 151(C).
    4. Kloosterman, Roben & Bonam, Dennis & van der Veer, Koen, 2024. "The effects of monetary policy across fiscal regimes," Journal of Macroeconomics, Elsevier, vol. 81(C).
    5. Afonso, Antonio & Alves, José & Ionta, Serena, 2025. "Monetary policy surprise shocks under different fiscal regimes: A panel analysis of the Euro Area," Journal of International Money and Finance, Elsevier, vol. 156(C).
    6. Bush, Oliver, 2024. "Fiscal financing regimes and nominal stability: an historical analysis," LSE Research Online Documents on Economics 126211, London School of Economics and Political Science, LSE Library.
    7. Atnafu Gebremeskel Sore & Isubalew Daba Ayana & Wondaferahu Mulugeta Demissie, 2024. "On the fiscal deficit and economic growth in sub-Saharan Africa: A new evidence from system GMM," PLOS ONE, Public Library of Science, vol. 19(7), pages 1-20, July.

  5. Acharya, Viral & Banerjee, Ryan & Crosignani, Matteo & Eisert, Tim & Spigt, Renée, 2022. "Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels," CEPR Discussion Papers 17032, Centre for Economic Policy Research.

    Cited by:

    1. Acharya, Viral V. & Plantin, Guillaume & Reggiani, Pietro & Yao, Iris, 2024. "Monetary easing, lack of investment and financial instability," Journal of Financial Intermediation, Elsevier, vol. 59(C).
    2. Nadav Ben Zeev & Noam Ben-Ze’ev & Daniel Nathan, 2025. "Capital Inflow Shocks and Convenience Yields," Working Papers 2503, Ben-Gurion University of the Negev, Department of Economics.
    3. Patrick Aldridge & David Cimon & Rishi Vala, 2023. "Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs," Discussion Papers 2023-30, Bank of Canada.
    4. Abidi, Nordine & Falagiarda, Matteo & Miquel-Flores, Ixart, 2023. "Quantitative easing and credit rating agencies," International Review of Financial Analysis, Elsevier, vol. 86(C).
    5. Marco Pagano & Josef Zechner, 2022. "COVID-19 and Corporate Finance [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 11(4), pages 849-879.
    6. Egemen Eren & Denis Gorea & Daojing Zhai, 2025. "How do quantitative easing and tightening affect firms?," BIS Working Papers 1286, Bank for International Settlements.
    7. Breckenfelder, Johannes & De Falco, Veronica, 2024. "Investor heterogeneity and large-scale asset purchases," Working Paper Series 2938, European Central Bank.
    8. Valentin Haddad & Alan Moreira & Tyler Muir, 2025. "Whatever It Takes? The Impact of Conditional Policy Promises," American Economic Review, American Economic Association, vol. 115(1), pages 295-329, January.
    9. Warinthip Worasak & Nuwat Nookhwun & Pongpitch Amatyakul, 2022. "Monetary Policy and Risk-Taking: Evidence from Thai Corporate Bond Markets," PIER Discussion Papers 186, Puey Ungphakorn Institute for Economic Research.

  6. Ryan Banerjee & José-María Serena, 2021. "Dampening the financial accelerator? direct lenders and monetary policy," Working Papers 2201, Banco de España.

    Cited by:

    1. Iñaki Aldasoro & Sebastian Doerr & Haonan Zhou, 2023. "Non-bank lending during crises," BIS Working Papers 1074, Bank for International Settlements.

  7. Ryan Niladri Banerjee & Boris Hofmann & Aaron Mehrotra, 2020. "Corporate investment and the exchange rate: The financial channel," BIS Working Papers 839, Bank for International Settlements.

    Cited by:

    1. La Ode Saidi, 2025. "The Effects of Crude Oil Prices, Exchange Rates, and Inflation on the Level of Investment in Indonesia," Advances in Decision Sciences, Asia University, Taiwan, vol. 28(3), pages 106-126.
    2. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    3. Mimir, Yasin & Sunel, Enes, 2025. "Fear (no more) of floating: Asset purchases and exchange rate dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 177(C).
    4. Bampi, Rodrigo E. & Colombo, Jefferson A., 2021. "Heterogeneous effects of foreign exchange appreciation on industrial output: Evidence from disaggregated manufacturing data," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 431-451.
    5. Boris Hofmann & Nikhil Patel & Steve Pak Yeung Wu, 2022. "Original sin redux: a model-based evaluation," BIS Working Papers 1004, Bank for International Settlements.
    6. Christian Eufinger & Andrej Gill & Florian Hett, 2024. "Domestic financial conditions and MNCs’ global competitiveness: evidence from the Swiss franc shock," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 1057-1068, October.
    7. Christopher Loewald, 2021. "Macro works a decisiontree approach to exchange rate policy," Working Papers 11009, South African Reserve Bank.
    8. Aaron Mehrotra & Jochen Schanz, 2020. "Financial market development and monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 1-18, Bank for International Settlements.
    9. Bagsic, Cristeta & Bayangos, Veronica & Moreno, Ramon & Parcon-Santos, Hazel, 2025. "The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market," Emerging Markets Review, Elsevier, vol. 66(C).
    10. Nuwat Nookhwun & Jettawat Pattararangrong & Phurichai Rungcharoenkitkul, 2025. "Exchange Rate Effects on Firm Performance: A NICER Approach," PIER Discussion Papers 233, Puey Ungphakorn Institute for Economic Research.
    11. Shesadri Banerjee & M S Mohanty, 2021. "US monetary policy and the financial channel of the exchange rate: evidence from India," BIS Working Papers 945, Bank for International Settlements.
    12. Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2021. "Global risk and the dollar," Working Paper Series 2628, European Central Bank.
    13. Hyeon‐seung Huh & David Kim, 2021. "The risk‐taking channel of currency appreciation: A structural VAR investigation of Asian emerging market economies," International Finance, Wiley Blackwell, vol. 24(3), pages 313-331, December.
    14. Dao, Mai Chi & Minoiu, Camelia & Ostry, Jonathan D., 2021. "Corporate investment and the real exchange rate," Journal of International Economics, Elsevier, vol. 131(C).
    15. Christopher Loewald, 2021. "Macro works applying integrated policy frameworks to South Africa," Working Papers 11016, South African Reserve Bank.
    16. Bu, Ya & Du, Xin & Wang, Yuting & Liu, Shuyu & Tang, Min & Li, Hui, 2024. "Digital inclusive finance: A lever for SME financing?," International Review of Financial Analysis, Elsevier, vol. 93(C).
    17. Du, Qingyuan & Hong, Shengjie & Wang, Yao & Wang, Yaqi, 2026. "Exchange rate, foreign currency debt and firm-level investment," Journal of International Money and Finance, Elsevier, vol. 161(C).
    18. Arbatli-Saxegaard, Elif & Firat, Melih & Furceri, Davide & Verrier, Jeanne, 2025. "U.S. monetary policy shock spillovers: evidence from firm-level data," Journal of International Money and Finance, Elsevier, vol. 158(C).
    19. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.
    20. Aldasoro, Iñaki & Beltrán, Paula & Grinberg, Federico & Mancini-Griffoli, Tommaso, 2023. "The macro-financial effects of international bank lending on emerging markets," Journal of International Economics, Elsevier, vol. 142(C).
    21. Doojav, Gan-Ochir & Purevdorj, Munkhbayar & Batjargal, Anand, 2024. "The macroeconomic effects of exchange rate movements in a commodity-exporting developing economy," International Economics, Elsevier, vol. 177(C).
    22. Huang, Wendi & Zhang, Weikang, 2024. "Exchange rate and corporate investment: Heterogeneous effects via the global value chain networks," Journal of International Money and Finance, Elsevier, vol. 147(C).

  8. Ryan Niladri Banerjee & Enisse Kharroubi & Ulf Lewrick, 2020. "Bankruptcies, unemployment and reallocation from Covid-19," BIS Bulletins 31, Bank for International Settlements.

    Cited by:

    1. Apergis, Nicholas & Lau, Chi Keung & Xu, Bing, 2023. "The impact of COVID-19 on stock market liquidity: Fresh evidence on listed Chinese firms," International Review of Financial Analysis, Elsevier, vol. 90(C).
    2. Phurichai Rungcharoenkitkul, 2021. "Macroeconomic effects of Covid-19: a mid-term review," BIS Working Papers 959, Bank for International Settlements.
    3. Anasuya Haldar & Narayan Sethi, 2022. "The Economic Effects of Covid-19 Mitigation Policies on Unemployment and Economic Policy Uncertainty," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 25(Special I), pages 61-84, March.
    4. Apergis, Nicholas & Danuletiu, Dan & Xu, Bing, 2022. "CDS spreads and COVID-19 pandemic," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
    5. Ryan Niladri Banerjee & Enisse Kharroubi, 2020. "The financial vulnerabilities driving firms to the exit," BIS Quarterly Review, Bank for International Settlements, December.
    6. Tijana Matejić & Snežana Knežević & Vesna Bogojević Arsić & Tijana Obradović & Stefan Milojević & Miljan Adamović & Aleksandra Mitrović & Marko Milašinović & Dragoljub Simonović & Goran Milošević & Ma, 2022. "Assessing the Impact of the COVID-19 Crisis on Hotel Industry Bankruptcy Risk through Novel Forecasting Models," Sustainability, MDPI, vol. 14(8), pages 1-44, April.

  9. Ryan Niladri Banerjee & Giulio Cornelli & Egon Zakrajšek, 2020. "The outlook for business bankruptcies," BIS Bulletins 30, Bank for International Settlements.

    Cited by:

    1. Benoit Mojon & Daniel Rees & Christian Schmieder, 2021. "How much stress could Covid put on corporate credit? Evidence using sectoral data," BIS Quarterly Review, Bank for International Settlements, March.
    2. Ryan Niladri Banerjee & Enisse Kharroubi & Ulf Lewrick, 2020. "Bankruptcies, unemployment and reallocation from Covid-19," BIS Bulletins 31, Bank for International Settlements.
    3. Fergal McCann & Niall McGeever & Fang Yao, 2023. "SME viability in the COVID-19 recovery," Small Business Economics, Springer, vol. 61(3), pages 1053-1074, October.
    4. World Bank, 2022. "Georgia Country Economic Memorandum," World Bank Publications - Reports 38130, The World Bank Group.
    5. World Bank, 2022. "Georgia Country Economic Memorandum," World Bank Publications - Reports 38375, The World Bank Group.
    6. Juselius, Mikael & Tarashev, Nikola A., 2020. "Forecasting expected and unexpected losses," Bank of Finland Research Discussion Papers 18/2020, Bank of Finland.
    7. Bacchiocchi, Andrea & Bischi, Gian Italo & Giombini, Germana, 2022. "Non-performing loans, expectations and banking stability: A dynamic model," Chaos, Solitons & Fractals, Elsevier, vol. 157(C).
    8. Ryan Niladri Banerjee & Enisse Kharroubi, 2020. "The financial vulnerabilities driving firms to the exit," BIS Quarterly Review, Bank for International Settlements, December.
    9. Li, Shanshan, 2022. "COVID-19 and A-share banks' stock price volatility: From the perspective of the epidemic evolution in China and the US," Global Finance Journal, Elsevier, vol. 54(C).

  10. Ryan Niladri Banerjee & Juan Contreras & Aaron Mehrotra & Fabrizio Zampolli, 2020. "Inflation at risk in advanced and emerging economies," BIS Working Papers 883, Bank for International Settlements.

    Cited by:

    1. Yoshibumi Makabe & Yoshihiko Norimasa, 2022. "The Term Structure of Inflation at Risk: A Panel Quantile Regression Approach," Bank of Japan Working Paper Series 22-E-4, Bank of Japan.
    2. Michal Franta & Jan Libich, 2024. "Holding the economy by the tail: analysis of short- and long-run macroeconomic risks," Empirical Economics, Springer, vol. 66(4), pages 1443-1489, April.
    3. Dubravko Mihaljek, 2021. "Interactions between fiscal and monetary policies: a brief history of a long relationship," Public Sector Economics, Institute of Public Finance, vol. 45(4), pages 419-432.
    4. Michael Gurkov & Osnat Zohar, 2022. "Inflation Risks in Israel," Bank of Israel Working Papers 2022.19, Bank of Israel.
    5. Tony Chernis & Patrick J. Coe & Shaun P. Vahey, 2023. "Reassessing the dependence between economic growth and financial conditions since 1973," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 260-267, March.
    6. Ana Aguilar & Rafael Guerra & Berenice Martinez, 2024. "Global inflation, inflation expectations and central banks in emerging markets," BIS Working Papers 1217, Bank for International Settlements.
    7. López-Salido, David & Loria, Francesca, 2024. "Inflation at risk," Journal of Monetary Economics, Elsevier, vol. 145(S).
    8. Tibor Szendrei & Arnab Bhattacharjee, 2024. "Momentum Informed Inflation-at-Risk," Papers 2408.12286, arXiv.org.

  11. Ryan Banerjee & Anamaria Illes & Enisse Kharroubi & José María Serena Garralda, 2020. "Covid-19 and corporate sector liquidity," BIS Bulletins 10, Bank for International Settlements.

    Cited by:

    1. Lucia Granelli & Martin Habet & Guergana Stanoeva & Gaetano D’Adamo & Robert Gampfer, 2020. "Puzzles in Non-Financial Corporate Sector Savings across the G20," European Economy - Economic Briefs 063, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Maurin, Laurent & Pál, Rozália, 2020. "Investment vs debt trade-offs in the post-COVID-19 European economy," EIB Working Papers 2020/09, European Investment Bank (EIB).
    3. Provash Kumer SARKER, 2020. "Covid crisis: Fiscal, monetary and macro-financial policy responses," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 41-54, Autumn.
    4. Ryan Niladri Banerjee & Enisse Kharroubi, 2020. "The financial vulnerabilities driving firms to the exit," BIS Quarterly Review, Bank for International Settlements, December.

  12. Ryan Niladri Banerjee & Boris Hofmann, 2020. "Corporate zombies: Anatomy and life cycle," BIS Working Papers 882, Bank for International Settlements.

    Cited by:

    1. Christian Beer & Norbert Ernst & Walter Waschiczek, 2021. "The share of zombie firms among Austrian nonfinancial companies," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 35-58.
    2. Asha K. Rai & Ruchi Sharma, 2026. "Capital Structure Decisions and Zombie Firms in India," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 31(1), pages 210-225, January.
    3. Li, Xinyu & Wang, Huacheng & Li, Rong, 2023. "A hidden channel of “blood transfusion”: Internal capital market subsidies and zombie firms," The British Accounting Review, Elsevier, vol. 55(6).
    4. Nurmi, Satu & Vanhala, Juuso & Virén, Matti, 2022. "Are zombies for real? Evidence from zombie dynamics," International Journal of Industrial Organization, Elsevier, vol. 85(C).
    5. Strauss, Ilan & Yang, Jangho, 2021. "Slowing investment rates in developing economies: Evidence from a Bayesian hierarchical model," International Review of Financial Analysis, Elsevier, vol. 77(C).
    6. Luc Laeven & Glenn Schepens & Isabel Schnabel, 2020. "Zombification in Europe in times of pandemic," ECONtribute Policy Brief Series 011, University of Bonn and University of Cologne, Germany.
    7. Federico Huneeus & Joseph P. Kaboski & Mauricio Larrain & Sergio L. Schmukler & Mario Vera, 2024. "Crisis Credit, Employment Protection, Indebtedness, and Risk," Working Papers Central Bank of Chile 1035, Central Bank of Chile.
    8. Barrela, Rodrigo & Lopez-Garcia, Paloma & Setzer, Ralph, 2022. "Medium-term investment responses to activity shocks: the role of corporate debt," Working Paper Series 2751, European Central Bank.
    9. Luigi Bonatti & Andrea Fracasso, 2020. "The Covid-19 Crisis, Italy and Ms Merkel’s Turnaround: Will the EU Ever be the Same Again?," EconPol Policy Reports 25, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    10. Mayer, Thomas & Schnabl, Gunther, 2021. "Covid-19 and the euthanasia of interest rates: A critical assessment of central bank policy in our times," Journal of Policy Modeling, Elsevier, vol. 43(6), pages 1241-1258.
    11. Xiujuan Lan & Zheneng Hu & Chuanhao Wen, 2025. "Can Digital Transformation Reduce the Zombification of Enterprises?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 33(2), pages 171-208, March.
    12. Akarsu, Okan & Aktuğ, Emrehan & Torun, Huzeyfe, 2025. "Zombie firms in network: Congestion and evergreening," Economic Modelling, Elsevier, vol. 151(C).
    13. Fukuda, Akira & Yamamoto, Isamu, 2025. "Ex-ante and ex-post evaluation of zombie firms arising from the EAS program during the COVID-19 pandemic: A study of Japanese SMEs," Japan and the World Economy, Elsevier, vol. 74(C).
    14. Mattia Guerini & Lionel Nesta & Xavier Ragot & Stefano Shiavo, 2022. "The Zombification of the Economy? Assessing the Effectiveness of French Government Support During COVID-19 Lockdown," Working Papers hal-03794432, HAL.
    15. Joel Bowman, 2022. "The Life‐cycle Dynamics of Zombie Companies amongst Listed Firms in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 185-205, September.
    16. Viral V. Acharya & Ryan N. Banerjee & Matteo Crosignani & Tim Eisert & Renée Spigt, 2022. "Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels," Staff Reports 1004, Federal Reserve Bank of New York.
    17. Ernst Ekkehard & Feist Lisa, 2024. "Tomorrow at Work: The Age of Shortages," Intereconomics: Review of European Economic Policy, Paradigm, vol. 59(3), pages 125-131.
    18. Andrea Colciago & Vivien Lewis & Branka Matyska, 2023. "Corporate taxes, productivity, and business dynamism," Working Papers 780, DNB.
    19. Cheung, Jeff Kin Wai & Imai, Masami, 2024. "Zombie lending, labor hoarding, and local industry growth," Japan and the World Economy, Elsevier, vol. 71(C).
    20. Honda, Tomohito & Hosono, Kaoru & Miyakawa, Daisuke & Ono, Arito & Uesugi, Iichiro, 2023. "Determinants and effects of the use of COVID-19 business support programs in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 67(C).
    21. Igor Fedotenkov & Virmantas Kvedaras & Miguel Sanchez-Martinez, 2024. "Employment protection and labour productivity growth in the EU: skill-specific effects during and after the Great Recession," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 209-262, February.
    22. Qiao, Junfeng & Lyu, Jinbo & Yin, Xingyi, 2024. "Do intergovernmental transfers accelerate the formation of zombie firms? A study based on fuzzy regression discontinuity analysis," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1241-1256.
    23. Bruno Albuquerque, 2024. "Corporate debt booms, financial constraints, and the investment nexus," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 766-789, August.
    24. Mingarelli, Luca & Ravanetti, Beatrice & Shakir, Tamarah & Wendelborn, Jonas, 2022. "Dawn of the (half) dead: the twisted world of zombie identification," Working Paper Series 2743, European Central Bank.
    25. Natalia Nehrebecka, 2025. "Zombie firms and credit risk: a micro–macro-analysis based on supervisory data," Risk Management, Palgrave Macmillan, vol. 27(4), pages 1-63, December.
    26. Zhaxi, Yongcuo & Yasuda, Yukihiro, 2025. "When labor protection hurts to help: Evidence from zombie firm exits," Finance Research Letters, Elsevier, vol. 86(PG).
    27. Maximilian Göbel & Nuno Tavares, 2022. "Zombie-Lending in the United States: Prevalence versus Relevance," Working Papers REM 2022/0231, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    28. Kovacs, Oliver, 2024. "Exaptationary Industry 4.0: Graphene as pathfinder?," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    29. Simona Malovaná & Josef Bajzík & Dominika Ehrenbergerová & Jan Janků, 2023. "A prolonged period of low interest rates in Europe: Unintended consequences," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 526-572, April.
    30. Ahmed, Rashad & Borio, Claudio & Disyatat, Piti & Hofmann, Boris, 2024. "Losing traction? The real effects of monetary policy when interest rates are low," Journal of International Money and Finance, Elsevier, vol. 141(C).
    31. Hilmar, Till & Paolillo, Rocco & Sachweh, Patrick, 2022. "Contagious economic failure? Discourses around “zombie firms” in Covid-19 ridden Germany and Italy," SocArXiv wypmf, Center for Open Science.
    32. Alexander Amundsen & Amélie Lafrance-Cooke & Danny Leung, 2023. "Zombie firms in Canada," Economic and Social Reports 202300300003e, Statistics Canada, Analytical Studies and Modelling Branch.
    33. Xijie Gao, 2025. "Zombie firms, state subsidies and aggregate productivity," Economica, London School of Economics and Political Science, vol. 92(366), pages 507-547, April.
    34. Serena Fatica & Tommaso Oliviero & Michela Rancan, 2025. "Judicial inefficiency and the default of zombie firms," CSEF Working Papers 747, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    35. Nora Muñoz-Izquierdo & José Manuel Jiménez Mazarío & María-del-Mar Camacho-Miñano, 2024. "Zombie firms and disclosures in the expanded audit report," Review of Managerial Science, Springer, vol. 18(6), pages 1519-1555, June.
    36. Shen, Yu & Ren, Meixu & Zhao, Jingmei, 2023. "Bank competition and zombie company: Empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 297-318.
    37. Olivier De Jonghe & Klaas Mulier & Ilia Samarin, 2025. "Bank Specialization and Zombie Lending," Management Science, INFORMS, vol. 71(2), pages 1260-1286, February.
    38. Li, Xuchao & Shao, Xiang & Shen, Guangjun & Zou, Jingxian, 2025. "Bank competition and formation of zombie firms: Evidence from banking deregulation in China," Journal of Banking & Finance, Elsevier, vol. 172(C).
    39. Edward I. Altman & Rui Dai & Wei Wang, 2024. "Global zombie companies: measurements, determinants, and outcomes," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(6), pages 723-744, August.
    40. Masami Imai & Koji Sakai & Michiru Sawada, 2026. "Impaired Credit Dynamism and the Innovation Slowdown," Wesleyan Economics Working Papers 2026-001, Wesleyan University, Department of Economics.
    41. Carlos Rosell & Kaleigh Dowsett & Nelson Paterson, 2023. "A Critical Juncture: Assessing Canada's Productivity Performance and Future Prospects," International Productivity Monitor, Centre for the Study of Living Standards, vol. 45, pages 61-92, Fall.
    42. Ali Ozdagli & Jianlin Wang, 2022. "Uncertainty, Stock Prices and Debt Structure: Evidence from the U.S.-China Trade War," Working Papers 2212, Federal Reserve Bank of Dallas.
    43. Tuuli, Saara, 2024. "Who funds zombie firms: Banks or non-banks?," International Review of Financial Analysis, Elsevier, vol. 95(PC).
    44. Márcio Mateus & Katja Neugebauer, 2025. "Stayin’ alive? Government support measures in Portugal during the Covid-19 pandemic," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(3), pages 335-372, September.
    45. Larry D. Wall, 2021. "So Far, So Good: Government Insurance of Financial Sector Tail Risk," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2021(13), November.
    46. Federico Huneeus & Joseph P. Kaboski & Mauricio Larrain & Sergio L. Schmukler & Mario Vera, 2022. "The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk," NBER Working Papers 29774, National Bureau of Economic Research, Inc.
    47. Laura Álvarez & Miguel García-Posada & Sergio Mayordomo, 2022. "Distressed firms, zombie firms and zombie lending: a taxonomy," Working Papers 2219, Banco de España.
    48. Erkki K. Laitinen, 2024. "Detecting zombie firms in a sample of Finnish small firms," Global Policy, London School of Economics and Political Science, vol. 15(S7), pages 99-114, November.
    49. Jagjit S. Chadha, 2023. "Mr Putin and the Chronicle of a Normalisation Foretold," National Institute of Economic and Social Research (NIESR) Discussion Papers 551, National Institute of Economic and Social Research.
    50. Baki Cem Sahin, 2024. "Zombie Firms, Firm-Bank Relationship and Spillover," CBT Research Notes in Economics 2410, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    51. Acebo, Enrique & Gutiérrez-López, Cristina & Abad-González, Julio & Miguel-Dávila, José-Ángel, 2026. "Lazarus, come forth! Public loan guarantees and the recovery of zombie firms," Economic Modelling, Elsevier, vol. 154(C).
    52. Ryan Niladri Banerjee & Giulio Cornelli & Egon Zakrajšek, 2020. "The outlook for business bankruptcies," BIS Bulletins 30, Bank for International Settlements.
    53. Henning Schmidtke & Tobias Lenz, 2024. "Expanding or defending legitimacy? Why international organizations intensify self-legitimation," The Review of International Organizations, Springer, vol. 19(4), pages 753-784, October.
    54. Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger, 2024. "Zombie Credit and (Dis‐)Inflation: Evidence from Europe," Journal of Finance, American Finance Association, vol. 79(3), pages 1883-1929, June.
    55. M. Ali Choudhary & Anil K. Jain, 2021. "Corporate stress and bank nonperforming loans: Evidence from Pakistan," International Finance Discussion Papers 1327, Board of Governors of the Federal Reserve System (U.S.).
    56. Ross, Sharon Y., 2025. "Credit distortions in Japanese momentum," Journal of Empirical Finance, Elsevier, vol. 82(C).
    57. You, Jaeweon & Seo, Beomseok & An, Junyoung, 2025. "Who pays when zombie firms Persist? Asymmetric debt conditions by credit rating," Finance Research Letters, Elsevier, vol. 86(PD).
    58. Hao Ding, 2024. "Can common institutional ownership inhibit the formation of zombie firms? Evidence from China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 38(1), pages 34-56, May.
    59. Jieun Lee & Ilhyock Shim, 2026. "Lending to vulnerable households and consumption: evidence from Korea," BIS Working Papers 1331, Bank for International Settlements.
    60. Samik Shome & Sushma Verma, 2025. "Zombie firms: a systematic review and future research directions," Management Review Quarterly, Springer, vol. 75(3), pages 2309-2368, September.
    61. Albuquerque, Bruno & Iyer, Roshan, 2024. "The rise of the walking dead: Zombie firms around the world," Journal of International Economics, Elsevier, vol. 152(C).
    62. Diana Bonfim & Geraldo Cerqueiro & Hans Degryse & Steven Ongena, 2023. "On-Site Inspecting Zombie Lending," Management Science, INFORMS, vol. 69(5), pages 2547-2567, May.
    63. Kyriakos Andreou & Andreas Fousteris & Sotirios Kokas & Alexandros Kontonikas & Emmanouil Pyrgiotakis, 2026. "Modelling Greek Firms’ Survival Rates and Identifying “Zombies”," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 216, Hellenic Observatory, LSE.
    64. Baumöhl, Eduard & Lalinský, Tibor, 2026. "Firm support without zombification: Evidence from the COVID-19 pandemic," Economics Letters, Elsevier, vol. 260(C).
    65. Pattanaik, Sitikantha & Muduli, Silu & Jose, Jibin, 2022. "Zombies and the Process of Creative Destruction," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 76(2), pages 53-66.
    66. Herweg, Fabian & Kähny, Maximilian, 2026. "Do zombies rise when interest rates fall: A relationship banking model," European Economic Review, Elsevier, vol. 182(C).
    67. Jorge Davalos & Ekkehard Ernst, 2021. "How has labour market power evolved? Comparing labour market monopsony in Peru and the United States," Papers 2103.15183, arXiv.org.
    68. 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).
    69. Nakamura, Jun-ichi, 2023. "A 50-year history of “zombie firms” in Japan: How banks and shareholders have been involved in corporate bailouts?," Japan and the World Economy, Elsevier, vol. 66(C).

  13. Ryan Niladri Banerjee & Aaron Mehrotra & Fabrizio Zampolli, 2020. "Inflation at risk from Covid-19," BIS Bulletins 28, Bank for International Settlements.

    Cited by:

    1. Zheng, Tingguo & Gong, Lu & Ye, Shiqi, 2023. "Global energy market connectedness and inflation at risk," Energy Economics, Elsevier, vol. 126(C).
    2. Xu, Yingying & Lien, Donald, 2022. "Assessing the impact of COVID-19 on price Co-movements in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 79(C).

  14. Banerjee, Ryan & Hofmann, Boris & Mehrotra, Aaron N., 2020. "Corporate investment and the exchange rate: The financial channel," BOFIT Discussion Papers 6/2020, Bank of Finland Institute for Emerging Economies (BOFIT).

    Cited by:

    1. La Ode Saidi, 2025. "The Effects of Crude Oil Prices, Exchange Rates, and Inflation on the Level of Investment in Indonesia," Advances in Decision Sciences, Asia University, Taiwan, vol. 28(3), pages 106-126.
    2. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    3. Mimir, Yasin & Sunel, Enes, 2025. "Fear (no more) of floating: Asset purchases and exchange rate dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 177(C).
    4. Bampi, Rodrigo E. & Colombo, Jefferson A., 2021. "Heterogeneous effects of foreign exchange appreciation on industrial output: Evidence from disaggregated manufacturing data," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 431-451.
    5. Christian Eufinger & Andrej Gill & Florian Hett, 2024. "Domestic financial conditions and MNCs’ global competitiveness: evidence from the Swiss franc shock," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 1057-1068, October.
    6. Boris Hofmann & Nikhil Patel & Steve Pak Yeung Wu, 2022. "Original sin redux: a model-based evaluation," BIS Working Papers 1004, Bank for International Settlements.
    7. Christopher Loewald, 2021. "Macro works a decisiontree approach to exchange rate policy," Working Papers 11009, South African Reserve Bank.
    8. Aaron Mehrotra & Jochen Schanz, 2020. "Financial market development and monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 1-18, Bank for International Settlements.
    9. Bagsic, Cristeta & Bayangos, Veronica & Moreno, Ramon & Parcon-Santos, Hazel, 2025. "The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market," Emerging Markets Review, Elsevier, vol. 66(C).
    10. Nuwat Nookhwun & Jettawat Pattararangrong & Phurichai Rungcharoenkitkul, 2025. "Exchange Rate Effects on Firm Performance: A NICER Approach," PIER Discussion Papers 233, Puey Ungphakorn Institute for Economic Research.
    11. Shesadri Banerjee & M S Mohanty, 2021. "US monetary policy and the financial channel of the exchange rate: evidence from India," BIS Working Papers 945, Bank for International Settlements.
    12. Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2021. "Global risk and the dollar," Working Paper Series 2628, European Central Bank.
    13. Hyeon‐seung Huh & David Kim, 2021. "The risk‐taking channel of currency appreciation: A structural VAR investigation of Asian emerging market economies," International Finance, Wiley Blackwell, vol. 24(3), pages 313-331, December.
    14. Dao, Mai Chi & Minoiu, Camelia & Ostry, Jonathan D., 2021. "Corporate investment and the real exchange rate," Journal of International Economics, Elsevier, vol. 131(C).
    15. Christopher Loewald, 2021. "Macro works applying integrated policy frameworks to South Africa," Working Papers 11016, South African Reserve Bank.
    16. Bu, Ya & Du, Xin & Wang, Yuting & Liu, Shuyu & Tang, Min & Li, Hui, 2024. "Digital inclusive finance: A lever for SME financing?," International Review of Financial Analysis, Elsevier, vol. 93(C).
    17. Du, Qingyuan & Hong, Shengjie & Wang, Yao & Wang, Yaqi, 2026. "Exchange rate, foreign currency debt and firm-level investment," Journal of International Money and Finance, Elsevier, vol. 161(C).
    18. Arbatli-Saxegaard, Elif & Firat, Melih & Furceri, Davide & Verrier, Jeanne, 2025. "U.S. monetary policy shock spillovers: evidence from firm-level data," Journal of International Money and Finance, Elsevier, vol. 158(C).
    19. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.
    20. Aldasoro, Iñaki & Beltrán, Paula & Grinberg, Federico & Mancini-Griffoli, Tommaso, 2023. "The macro-financial effects of international bank lending on emerging markets," Journal of International Economics, Elsevier, vol. 142(C).
    21. Doojav, Gan-Ochir & Purevdorj, Munkhbayar & Batjargal, Anand, 2024. "The macroeconomic effects of exchange rate movements in a commodity-exporting developing economy," International Economics, Elsevier, vol. 177(C).
    22. Huang, Wendi & Zhang, Weikang, 2024. "Exchange rate and corporate investment: Heterogeneous effects via the global value chain networks," Journal of International Money and Finance, Elsevier, vol. 147(C).

  15. Ryan Niladri Banerjee & Aaron Mehrotra, 2018. "Deflation expectations," BIS Working Papers 699, Bank for International Settlements.

    Cited by:

    1. Bicchal, Motilal, 2022. "Central bank credibility and its effect on stabilization," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 73-94.
    2. Martin Feldkircher & Pierre L. Siklos, 2018. "Global Inflation Dynamics and Inflation Expectations," CAMA Working Papers 2018-60, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Dash, Pradyumna & Rohit, Abhishek Kumar & Devaguptapu, Adviti, 2020. "Assessing the (de-)anchoring of households’ long-term inflation expectations in the US," Journal of Macroeconomics, Elsevier, vol. 63(C).
    4. Baumann, Ursel & Darracq Pariès, Matthieu & Westermann, Thomas & Riggi, Marianna & Bobeica, Elena & Meyler, Aidan & Böninghausen, Benjamin & Fritzer, Friedrich & Trezzi, Riccardo & Jonckheere, Jana & , 2021. "Inflation expectations and their role in Eurosystem forecasting," Occasional Paper Series 264, European Central Bank.
    5. James Yetman, 2020. "Pass-through from short-horizon to long-horizon inflation expectations, and the anchoring of inflation expectations," BIS Working Papers 895, Bank for International Settlements.
    6. Neil Lawton & Liam A. Gallagher, 2020. "The negative side of inflation targeting: revisiting inflation uncertainty in the EMU," Applied Economics, Taylor & Francis Journals, vol. 52(29), pages 3186-3203, June.
    7. Vigninou Gammadigbe, 2025. "Monetary union effects on high inflation episodes," Economica, London School of Economics and Political Science, vol. 92(366), pages 368-405, April.

  16. Ryan N. Banerjee & Kristian S. Blickle, 2018. "Financial frictions, real estate collateral, and small firm activity in Europe," Staff Reports 868, Federal Reserve Bank of New York.

    Cited by:

    1. Arun Gupta & Horacio Sapriza & Vladimir Yankov, 2022. "The Collateral Channel and Bank Credit," Finance and Economics Discussion Series 2022-024r1, Board of Governors of the Federal Reserve System (U.S.), revised 19 Nov 2025.
    2. Jérôme Héricourt & Jean Imbs & Lise Patureau, 2024. "The Collateral Channel within and between Countries," Working Papers 2024-13, CEPII research center.
    3. Suh, Hyunduk & Yang, Jin Young, 2024. "Housing cycle and firm investment: International firm-level evidence," Journal of Asian Economics, Elsevier, vol. 92(C).
    4. Horan, Aoife & Jarmulska, Barbara & Ryan, Ellen, 2023. "Asset prices, collateral and bank lending: the case of Covid-19 and real estate," Working Paper Series 2823, European Central Bank.
    5. Agénor, Pierre-Richard, 2024. "Open-economy macroeconomics with financial frictions: A simple model with flexible exchange rates," Journal of Financial Stability, Elsevier, vol. 73(C).
    6. Blickle, Kristian, 2022. "Local banks, credit supply, and house prices," Journal of Financial Economics, Elsevier, vol. 143(2), pages 876-896.
    7. Ryan Niladri Banerjee & Aaron Mehrotra & Fabrizio Zampolli, 2024. "Keeping the momentum: how finance can continue to support growth in EMEs," BIS Papers chapters, in: Bank for International Settlements (ed.), Keeping the momentum: how finance can continue to support growth in EMEs, volume 127, pages 1-39, Bank for International Settlements.
    8. Luca Fare & Marcus Dejardin & Eric Toulemonde, 2023. "Bankruptcy recovery rate and small businesses' innovation," DeFiPP Working Papers 2302, University of Namur, Development Finance and Public Policies.
    9. Kowalski Michał J. & Wang Tong & Kazak Jan K., 2023. "The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector," Real Estate Management and Valuation, Paradigm, vol. 31(1), pages 10-24, March.
    10. Moramarco, Graziano, 2024. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," International Journal of Forecasting, Elsevier, vol. 40(2), pages 777-795.

  17. Ryan Banerjee & Enrico Sette & Leonardo Gambacorta, 2017. "The real effects of relationship lending," Temi di discussione (Economic working papers) 1133, Bank of Italy, Economic Research and International Relations Area.

    Cited by:

    1. Pierluigi Murro & Tommaso Oliviero & Alberto Zazzaro, 2019. "Relationship Lending on Employment Decisions in Firms’ Bad Times," CSEF Working Papers 533, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 06 Apr 2020.
    2. Degryse, Hans & Karapetyan, Artashes & ,, 2018. "To Ask or Not To Ask? Bank Capital Requirements and Loan Collateralization," CEPR Discussion Papers 13331, Centre for Economic Policy Research.
    3. Christopher F. Baum & Caterina Forti Grazzini & Dorothea Schäfer, 2020. "Institutional Diversity in Domestic Banking Sectors and Bank Stability: A Cross-Country Study," Discussion Papers of DIW Berlin 1869, DIW Berlin, German Institute for Economic Research.
    4. Choudhary, M. Ali & Jain, Anil, 2022. "Finance and inequality: The distributional impacts of bank credit rationing," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    5. Kosekova, Kamelia & Maddaloni, Angela & Papoutsi, Melina & Schivardi, Fabiano, 2023. "Firm-bank relationships: A cross-country comparison," SAFE Working Paper Series 390, Leibniz Institute for Financial Research SAFE.
    6. Andrea Orame, 2020. "The role of bank supply in the Italian credit market: evidence from a new regional survey," Temi di discussione (Economic working papers) 1279, Bank of Italy, Economic Research and International Relations Area.
    7. Chmelíková, Gabriela & Krauss, Annette & Dvouletý, Ondřej, 2019. "Performance of microfinance institutions in Europe—Does social capital matter?," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).
    8. Badarau, Cristina & Lapteacru, Ion, 2020. "Bank risk, competition and bank connectedness with firms: A literature review," Research in International Business and Finance, Elsevier, vol. 51(C).
    9. Hans Degryse & Artashes Karapetyan & Sudipto Karmakar, 2018. "To Ask or Not To Ask? Collateral versus Screening in Lending Relationships," Working Papers REM 2018/49, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    10. 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.
    11. Koray Alper & Tanju Capacioglu, 2023. "Funding Stability and the Pricing of Retail Rates: Evidence from Turkish Banking Sector," Koç University-TUSIAD Economic Research Forum Working Papers 2309, Koc University-TUSIAD Economic Research Forum.
    12. Avramidis, Panagiotis & Asimakopoulos, Ioannis & Malliaropulos, Dimitris & Travlos, Nickolaos G., 2021. "Do banks appraise internal capital markets during credit shocks? Evidence from the Greek crisis," Journal of Financial Intermediation, Elsevier, vol. 45(C).
    13. Ahmadyan, Azam, 2020. "The Effect of Iranian Banks' Merger on Financing," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 15(3), pages 273-294, July.
    14. Bhaumik, Sumon Kumar & Owolabi, Oluwarotimi & Pal, Sarmistha, 2018. "Private information, institutional distance, and the failure of cross-border acquisitions: Evidence from the banking sector in Central and Eastern Europe," Journal of World Business, Elsevier, vol. 53(4), pages 504-513.
    15. Anne Kathrin Funk, 2019. "Quantitative Lockerung in der Eurozone und Finanzierungs­bedingungen von KMU: Wer profitiert am meisten?," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 13(1), pages 82-91, March.
    16. Galina Hale & Tumer Kapan & Camelia Minoiu, 2019. "Shock Transmission through Cross-Border Bank Lending: Credit and Real Effects," Finance and Economics Discussion Series 2019-052, Board of Governors of the Federal Reserve System (U.S.).
    17. Lončarski, Igor & Marinč, Matej, 2020. "The political economy of relationship banking," Research in International Business and Finance, Elsevier, vol. 51(C).
    18. Bruno de Menna, 2021. "Monetary Policy, Credit Risk, and Profitability: The Influence of Relationship Lending on Cooperative Banks' Performance," Working Papers hal-03138738, HAL.
    19. Carlos Cantú & Leonardo Gambacorta, 2019. "How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America," BIS Working Papers 798, Bank for International Settlements.
    20. Silvia Del Prete & Cristina Demma & Iconio Garrì & Marco Piazza & Giovanni Soggia, 2022. "The heterogeneous effects of bank mergers and acquisitions on credit to firms: evidence from Italian macro-regions," Temi di discussione (Economic working papers) 1382, Bank of Italy, Economic Research and International Relations Area.
    21. Cantú, Carlos & Lobato, Roberto & López, Calixto & López-Gallo, Fabrizio, 2022. "A loan-level analysis of financial resilience in Mexico," Journal of Banking & Finance, Elsevier, vol. 135(C).
    22. Balduzzi, Pierluigi & Brancati, Emanuele & Schiantarelli, Fabio, 2018. "Financial markets, banks’ cost of funding, and firms’ decisions: Lessons from two crises," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 1-15.
    23. Anne Kathrin Funk, 2019. "Quantitative easing in the euro area and SMEs' access to finance: Who benefits the most?," IHEID Working Papers 02-2019, Economics Section, The Graduate Institute of International Studies.
    24. Anne Kathrin Funk, 2018. "Quantitative easing in the euro area and SMEs’ access to finance: Who benefits the most?," KOF Working papers 18-447, KOF Swiss Economic Institute, ETH Zurich.
    25. Koray Aktaş & Gian Paolo Barbetta, 2023. "The Effect of Giving Credit to Social Enterprises: Evidence From Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 235-263, March.
    26. Edward Kiringa & Fredrick W.S. Ndede & Argan Wekesa, 2021. "Relationship lending and access to financial services by SMEs in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(5), pages 235-244, July.

  18. Ryan Niladri Banerjee & Kristian S Blickle, 2016. "Housing collateral and small firm activity in Europe," BIS Working Papers 575, Bank for International Settlements.

    Cited by:

    1. Giuseppe Cascarino & Federica Ciocchetta & Stefano Pietrosanti & Ivan Quaglia, 2025. "Forecasting corporate default probabilities: a local logit approach for scenario analysis," Questioni di Economia e Finanza (Occasional Papers) 909, Bank of Italy, Economic Research and International Relations Area.
    2. Soyoung Kim & Aaron Mehrotra, 2019. "Examining macroprudential policy and its macroeconomic effects - some new evidence," BIS Working Papers 825, Bank for International Settlements.
    3. Dan Andrews & Filippos Petroulakis, 2017. "Breaking the Shackles: Zombie Firms, Weak Banks and Depressed Restructuring in Europe," OECD Economics Department Working Papers 1433, OECD Publishing.
    4. Gareth Anderson & Saleem Bahaj & Matthieu Chavaz & Angus Foulis & Gabor Pinter, 2018. "Lending Relationships and the Collateral Channel," Discussion Papers 1813, Centre for Macroeconomics (CFM).
    5. Massimiliano Affinito & Fabiana Sabatini & Massimiliano Stacchini, 2021. "Collateral in bank lending during the financial crises:a borrower and a lender story," Temi di discussione (Economic working papers) 1352, Bank of Italy, Economic Research and International Relations Area.
    6. Simone Emiliozzi & Elisa Guglielminetti & Michele Loberto, 2018. "Forecasting house prices in Italy," Questioni di Economia e Finanza (Occasional Papers) 463, Bank of Italy, Economic Research and International Relations Area.
    7. 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.
    8. Kristian Blickle, 2017. "Local Banks, Credit Supply, and House Prices," Working Papers on Finance 1811, University of St. Gallen, School of Finance.

  19. Ryan Niladri Banerjee & Michael B Devereux & Giovanni Lombardo, 2016. "Self-oriented monetary policy, global financial markets and excess volatility of international capital flows," BIS Working Papers 540, Bank for International Settlements.

    Cited by:

    1. Beatrice D. Scheubel & Livio Stracca & Tille Cedric, 2019. "The Global Financial Cycle and Capital Flow Episodes: A Wobbly Link?," CESifo Working Paper Series 7967, CESifo.
    2. Ufuk Can & Omur Saltik & Zeynep Gizem Can & Suleyman Degirmen, 2025. "Evaluation of International Monetary Policy Coordination: Evidence from Machine Learning Algorithms," Computational Economics, Springer;Society for Computational Economics, vol. 65(5), pages 2451-2476, May.
    3. Chris Garbers & Guangling Liu, 2017. "Macroprudential policy and foreign interest rate shocks: A comparison of different instruments and regulatory regimes," Working Papers 15/2017, Stellenbosch University, Department of Economics.
    4. Hanisch, Max, 2019. "US monetary policy and the euro area," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 77-96.
    5. Kolasa, Marcin & Wesołowski, Grzegorz, 2020. "International spillovers of quantitative easing," Journal of International Economics, Elsevier, vol. 126(C).
    6. Georgiadis, Georgios, 2015. "To bi, or not to bi? Differences in spillover estimates from bilateral and multilateral multi-country models," Working Paper Series 1868, European Central Bank.
    7. Raghavan, Mala & Athanasopoulos, George, 2018. "Analysis of shock transmissions to a small open emerging economy using a SVARMA model," Working Papers 2018-02, University of Tasmania, Tasmanian School of Business and Economics.
    8. Georgiadis, Georgios & Jančoková, Martina, 2020. "Financial globalisation, monetary policy spillovers and macro-modelling: Tales from 1001 shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
    9. Michael Kumhof & Phurichai Rungcharoenkitkul & Andrej Sokol, 2020. "How does international capital flow?," Bank of England Staff Working Paper series 884, Bank of England.
    10. Dedola, Luca & Rivolta, Giulia & Stracca, Livio, 2017. "If the Fed sneezes, who catches a cold?," Working Paper Series 2050, European Central Bank.
    11. 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.
    12. Coman, Andra & Lloyd, Simon P., 2019. "In the face of spillovers: prudential policies in emerging economies," Working Paper Series 2339, European Central Bank.
    13. Breitenlechner, Max & Georgiadis, Georgios & Schumann, Ben, 2022. "What goes around comes around: How large are spillbacks from US monetary policy?," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 45-60.
    14. Shangshang Li, 2024. "The Global Financial Cycle and International Monetary Policy Cooperation," FIW Working Paper series 199, FIW.
    15. Pierre-Richard Agénor & Pengfei Jia, 2017. "Macroprudential Policy Coordination in a Currency Union'," Centre for Growth and Business Cycle Research Discussion Paper Series 235, Economics, The University of Manchester.
    16. Van Robays, Ine & Stracca, Livio, 2020. "How much does aggregate demand travel across the Atlantic?," Working Paper Series 2430, European Central Bank.
    17. Gonzalez-Aguado, Eugenia, 2022. "Interest Rate Shocks and the Composition of Sovereign Debt," TSE Working Papers 22-1379, Toulouse School of Economics (TSE).
    18. Aliaga Miranda, Augusto, 2020. "Monetary policy rules for an open economy with financial frictions: A Bayesian approach," Dynare Working Papers 62, CEPREMAP.
    19. Giancarlo Corsetti & Keith Kuester & Gernot J. Müller, 2016. "The Case for Flexible Exchange Rates in a Great Recession," Cambridge Working Papers in Economics 1644, Faculty of Economics, University of Cambridge.
    20. Garcia-Lazaro, Aida & Mistak, Jakub & Gulcin Ozkan, F., 2021. "Supply chain networks, trade and the Brexit deal: a general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    21. Carlos Cantú & Michael Chui, 2020. "Financial market development and financial stability," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 19-38, Bank for International Settlements.
    22. William Chen & Gregory Phelan, 2017. "International Coordination of Macroprudential Policies with Capital Flows and Financial Asymmetries," Department of Economics Working Papers 2017-05, Department of Economics, Williams College, revised Nov 2018.
    23. Pierre-Richard Agénor & Enisse Kharroubi & Leonardo Gambacorta & Giovanni Lombardo & Luiz Awazu Pereira da Silva, 2017. "The international dimensions of macroprudential policies," BIS Working Papers 643, Bank for International Settlements.
    24. Banerjee, Ryan & Devereux, Michael B. & Lombardo, Giovanni, 2016. "Self-oriented monetary policy, global financial markets and excess volatility of international capital flows," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 275-297.
    25. Choi, Woo Jin, 2020. "Effects of US Monetary Policy on Gross Capital Flows: Cases in Korea," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 42(4), pages 59-90.
    26. Matthew Canzoneri & Robert Cumby & Behzad Diba & Yunsang Kim, 2021. "Did the Unconventional Monetary Policy of the U.S. Hurt Emerging Markets?," Open Economies Review, Springer, vol. 32(2), pages 231-257, April.
    27. Georgios Georgiadis, 2016. "To bi, or not to bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models," EcoMod2016 9145, EcoMod.
    28. Michael B. Devereux & Charles Engel & Giovanni Lombardo, 2020. "Implementable Rules for International Monetary Policy Coordination," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 108-162, March.
    29. Boris Hofmann & Nikhil Patel & Steve Pak Yeung Wu, 2022. "Original sin redux: a model-based evaluation," BIS Working Papers 1004, Bank for International Settlements.
    30. Fischer, Andreas M. & Yeşin, Pınar, 2022. "Foreign currency loan conversions and currency mismatches," Journal of International Money and Finance, Elsevier, vol. 122(C).
    31. Ferrari Minesso, Massimo & Pagliari, Maria Sole, 2025. "DSGE Nash: Solving Nash games in macro models," Journal of Economic Dynamics and Control, Elsevier, vol. 178(C).
    32. Cho, Yujeong & He, Yintao & Huang, Yiping & Wang, Jieru & Yu, Changhua, 2025. "Exchange rate regime and optimal policy: The case of China," Journal of International Money and Finance, Elsevier, vol. 152(C).
    33. Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2024. "Global risk and the dollar," Journal of Monetary Economics, Elsevier, vol. 144(C).
    34. Georgiadis, Georgios & Schumann, Ben, 2019. "Dominant-currency pricing and the global output spillovers from US dollar appreciation," Working Paper Series 2308, European Central Bank.
    35. Mangal Goswami & Victor Pontines & Yassier Mohammed, 2022. "Portfolio capital flows and the US dollar exchange rate: Viewed from the lens of time and frequency dynamics of connectedness," Working Papers wp48, South East Asian Central Banks (SEACEN) Research and Training Centre.
    36. Pierre‐Richard Agénor & Timothy Jackson & Enisse Kharroubi & Leonardo Gambacorta & Giovanni Lombardo & Luiz A. Pereira Da Silva, 2021. "Assessing the Gains from International Macroprudential Policy Cooperation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(7), pages 1819-1866, October.
    37. Shangshang Li, 2024. "The Global Financial Cycle and International Monetary Policy Cooperation," Working Papers 202405, University of Liverpool, Department of Economics.
    38. Vo, Xuan Vinh & Nguyen, Dong Phong & Ho, Viet Tien & Nguyen, Trung Thong, 2017. "Where do the advanced countries invest? An investigation of capital flows from advanced countries to emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 51(C), pages 142-154.
    39. Kim, Kyoung-Gon, 2022. "Financial Crisis and the Global Transmission of U.S. Monetary Policy Surprises," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 63(2), pages 104-125, December.
    40. Georgiadis, Georgios, 2017. "To bi, or not to bi? Differences between spillover estimates from bilateral and multilateral multi-country models," Journal of International Economics, Elsevier, vol. 107(C), pages 1-18.
    41. Cheng, Jiameng & Dai, Yanke, 2020. "Is bitcoin a channel of capital inflow? Evidence from carry trade activity," International Review of Economics & Finance, Elsevier, vol. 66(C), pages 261-278.
    42. Jing Cynthia Wu & Yinxi Xie & Ji Zhang, 2024. "The Role of International Financial Integration in Monetary Policy Transmission," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(3), pages 944-990, September.
    43. Ha, Dao & Gillet, Philippe & Le, Phuong & Vo, Dinh-Tri, 2020. "Banking integration in ASEAN-6: An empirical investigation," Economic Modelling, Elsevier, vol. 91(C), pages 705-719.
    44. Stefan Avdjiev & Elod Takats, 2016. "Monetary policy spillovers and currency networks in cross-border bank lending," BIS Working Papers 549, Bank for International Settlements.
    45. Cortes, Gustavo S. & Gao, George P. & Silva, Felipe B.G. & Song, Zhaogang, 2022. "Unconventional monetary policy and disaster risk: Evidence from the subprime and COVID–19 crises," Journal of International Money and Finance, Elsevier, vol. 122(C).
    46. Fefelov, D. & Rogova, E. & Vukovic, D., 2025. "Assessing the financial interconnectedness between China and Russia: A dynamic approach," Journal of the New Economic Association, New Economic Association, vol. 67(2), pages 110-137.
    47. McNelis, Paul D., 2016. "Optimal policy rules at home, crisis and quantitative easing abroad," BOFIT Discussion Papers 15/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    48. Andre Harrison & Robert R. Reed, 2024. "Capital flows to developing countries: Implications for monetary policy across the globe," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 839-906, August.
    49. Yasin Mimir & Enes Sunel, 2015. "External shocks, banks and optimal monetary policy in an open economy," BIS Working Papers 528, Bank for International Settlements.
    50. Pierre-Richard Agénor & Luiz Awazu Pereira da Silva, 2019. "Global Banking, Financial Spillovers, and Macroprudential Policy Coordination," BIS Working Papers 764, Bank for International Settlements.
    51. Aliaga, Augusto, 2020. "Reglas de política monetaria para una economía abierta con fricciones financieras: Un enfoque Bayesiano [Monetary policy rules for an open economy with financial frictions: A Bayesian approach]," MPRA Paper 100604, University Library of Munich, Germany.
    52. Michael B. Devereux & Charles Engel & Steve Pak Yeung Wu, 2023. "Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles," NBER Working Papers 31164, National Bureau of Economic Research, Inc.
    53. Qi Deng & Weiguo Xiao & Huan Yan, 2022. "The Spillover Effects of U.S. Monetary Policy Normalization on the BRICS Based on Panel VAR Model," Journal of Mathematics, John Wiley & Sons, vol. 2022(1).
    54. Sigga Benediktsdottir & Soha Ahmed, 2023. "Interest Rate Normalization in a World with High Indebtedness," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 51(1), pages 39-63, March.
    55. Flaccadoro, Marco & Nispi Landi, Valerio, 2025. "Foreign monetary policy and domestic inflation in emerging markets," Journal of International Money and Finance, Elsevier, vol. 159(C).
    56. Max Hanisch, 2017. "US Monetary Policy and the Euro Area," Discussion Papers of DIW Berlin 1701, DIW Berlin, German Institute for Economic Research.
    57. Mistak, Jakub & Ozkan, F. Gulcin, 2024. "Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating," Working Paper Series 2995, European Central Bank.
    58. Alessandro Moro & Valerio Nispi Landi, 2023. "The external financial spillovers of CBDCs," Temi di discussione (Economic working papers) 1416, Bank of Italy, Economic Research and International Relations Area.
    59. Richard T. Froyen & Alfred V. Guender, 2022. "The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility," Open Economies Review, Springer, vol. 33(4), pages 631-656, September.
    60. Massimo Ferrari Minesso & Maria Sole Pagliari, 2022. "DSGE Nash: solving Nash Games in Macro Models With an application to optimal monetary policy under monopolistic commodity pricing," Working papers 884, Banque de France.
    61. Bartkiewicz Piotr, 2018. "The Impact of Quantitative Easing on Emerging Markets – Literature Review," Financial Internet Quarterly (formerly e-Finanse), Paradigm, vol. 14(4), pages 67-76, December.
    62. Eller, Markus & Huber, Florian & Schuberth, Helene, 2020. "How important are global factors for understanding the dynamics of international capital flows?," Journal of International Money and Finance, Elsevier, vol. 109(C).
    63. Pierre-Richard Agénor & Luiz Awazu Pereira da Silva, 2018. "Financial spillovers, spillbacks, and the scope for international macroprudential policy coordination," BIS Papers, Bank for International Settlements, number 97.
    64. Dong, Xiao & Yu, Mingzhe, 2024. "Time-varying effects of macro shocks on cross-border capital flows in China's bond market," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    65. Stephanie Guichard, 2017. "10 Years after the Global Financial Crisis: What Have We Learnt About International Capital Flows?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-30, October.
    66. Disyatat, Piti & Rungcharoenkitkul, Phurichai, 2017. "Monetary policy and financial spillovers: Losing traction?," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 115-136.
    67. Gelos, Gaston & Gornicka, Lucyna & Koepke, Robin & Sahay, Ratna & Sgherri, Silvia, 2022. "Capital flows at risk: Taming the ebbs and flows," Journal of International Economics, Elsevier, vol. 134(C).
    68. Harrison, Andre & Reed, Robert R., 2023. "International capital flows, liquidity risk, and monetary policy," Journal of Macroeconomics, Elsevier, vol. 77(C).
    69. Georgios Georgiadis & Gernot J. Müller & Ben Schumann, 2023. "Dollar Trinity and the Global Financial Cycle," Discussion Papers of DIW Berlin 2058, DIW Berlin, German Institute for Economic Research.
    70. Garbers, Chris & Liu, Guangling, 2018. "Macroprudential policy and foreign interest rate shocks: A comparison of loan-to-value and capital requirements," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 683-698.
    71. Edward Nelson, 2017. "The Continuing Validity of Monetary Policy Autonomy Under Floating Exchange Rates," Finance and Economics Discussion Series 2017-112, Board of Governors of the Federal Reserve System (U.S.).
    72. Harrison, Andre & Reed, Robert R., 2023. "Gross capital inflows, the U.S. economy, and the response of the Federal Reserve," Journal of International Money and Finance, Elsevier, vol. 139(C).
    73. Michael B. Devereux, 2018. "International Fiscal Spillovers: A Review Essay," Korean Economic Review, Korean Economic Association, vol. 34, pages 29-50.
    74. Feng, Ling & Pei, Tingting & Zhou, Zhiguang, 2024. "The impact of U.S. monetary policy on Chinese firms’ innovation," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1097-1111.
    75. Lim, G.C. & McNelis, Paul D., 2018. "Unconventional monetary and fiscal policies in interconnected economies: Do policy rules matter?," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 346-363.

  20. Ryan Niladri Banerjee & Fabrizio Zampolli, 2016. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," BIS Working Papers 553, Bank for International Settlements.

    Cited by:

    1. Mark A Carlson & Jonathan Rose, 2016. "Can a bank run be stopped? Government guarantees and the run on Continental Illinois," BIS Working Papers 554, Bank for International Settlements.
    2. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    3. Dell'Erba, Salvatore & Koloskova, Ksenia & Poplawski-Ribeiro, Marcos, 2018. "Medium-term fiscal multipliers during protracted economic contractions," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 35-52.
    4. Leonardo Gambacorta & Hyun Song Shin, 2016. "Why bank capital matters for monetary policy," BIS Working Papers 558, Bank for International Settlements.
    5. Georgios Georgantas & Maria Kasselaki & Athanasios Tagkalakis, 2022. "The short-run effects of fiscal adjustment in OECD countries," Working Papers 308, Bank of Greece.
    6. Philip Arestis & Ayşe Kaya & Hüseyin Şen, 2018. "Does fiscal consolidation promote economic growth and employment? Evidence from the PIIGGS countries," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 15(3), pages 289-312, November.
    7. Ibrar Hussain & Jawad Hussain & Hazrat Bilal, 2022. "An analysis of the success of fiscal adjustment in reducing public debt: Evidence from Pakistan," PLOS ONE, Public Library of Science, vol. 17(6), pages 1-16, June.
    8. Zhang, Yunhan & Liu, Zhixin & Jin, Hao, 2025. "The domestic and spillover effects of fiscal consolidation: The role of fiscal instruments, exchange rate regimes, and capital controls," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 99(C).
    9. Ran Li, 2021. "Macroeconomic Resilience in the Caribbean," World Bank Publications - Reports 36423, The World Bank Group.
    10. Bardaka, Ioanna & Bournakis, Ioannis & Kaplanoglou, Georgia, 2020. "Total factor productivity (TFP) and fiscal consolidation: How harmful is austerity?," MPRA Paper 98880, University Library of Munich, Germany.
    11. Cagri Esener & Brigitte Granville & Roman Matousek, 2022. "Choosing the Optimal Tool for Fiscal Adjustment or Living under Fiscal Constraints: Panel Evidence from Selected OECD Countries," Economic Research Guardian, Mutascu Publishing, vol. 12(1), pages 2-29, June.
    12. Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024. "The medium-term effects of fiscal policy rules," Journal of International Money and Finance, Elsevier, vol. 142(C).
    13. Marco Amendola & Marcelo C. Pereira, 2025. "Are fiscal multipliers state dependent? Insights from an agent-based model," LEM Papers Series 2025/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    14. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    15. Ibrar Hussain & Jawad Hussain & Arshad Ali & Shabir Ahmad, 2021. "A Dynamic Analysis of the Impact of Fiscal Adjustment on Economic Growth: Evidence From Pakistan," SAGE Open, , vol. 11(2), pages 21582440211, June.
    16. Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2025. "Natural disasters and the effects of reconstruction expenditure on output," Working Papers 354, Bank of Greece.
    17. Róbert Oravský & Peter Tóth & Anna Bánociová, 2020. "The Ability of Selected European Countries to Face the Impending Economic Crisis Caused by COVID-19 in the Context of the Global Economic Crisis of 2008," JRFM, MDPI, vol. 13(8), pages 1-17, August.
    18. Chuluunbayar, Delgerjargal, 2019. "The US Fiscal Consolidation, its impact and policy implications," MPRA Paper 98223, University Library of Munich, Germany.
    19. Georgantas, Georgios & Kasselaki, Maria & Tagkalakis, Athanasios, 2023. "Τhe effects of fiscal consolidation in OECD countries," Economic Modelling, Elsevier, vol. 118(C).
    20. Hüseyin ŞEN & Ayşe KAYA, 2017. "Mali Konsolidasyon Büyüme ve İstihdam için Bir Çıpa mı, Mali Tuzak mı? Teorik ve Ampirik Literatür Temelli Bir Analiz," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).

  21. Ryan Banerjee, 2014. "SMEs, financial constraints and growth," BIS Working Papers 475, Bank for International Settlements.

    Cited by:

    1. Ryan Niladri Banerjee & Kristian S Blickle, 2016. "Housing collateral and small firm activity in Europe," BIS Working Papers 575, Bank for International Settlements.
    2. Kärnä Anders, 2021. "Take it to the (public) bank: The efficiency of public bank loans to private firms," German Economic Review, De Gruyter, vol. 22(1), pages 27-62, February.
    3. Mushtaq, Rizwan & Gull, Ammar Ali & Usman, Muhammad, 2022. "ICT adoption, innovation, and SMEs’ access to finance," Telecommunications Policy, Elsevier, vol. 46(3).
    4. Bremus, Franziska & Neugebauer, Katja, 2017. "Don't stop me now: the impact of credit market fragmentation on firms' financing constraints," LSE Research Online Documents on Economics 70774, London School of Economics and Political Science, LSE Library.
    5. Bremus, Franziska & Neugebauer, Katja, 2018. "Reduced cross-border lending and financing costs of SMEs," Journal of International Money and Finance, Elsevier, vol. 80(C), pages 35-58.
    6. Luca Sensini & Amit Shan & Maria Vazquez, 2021. "Project Management Tools and Techniques and SME Performance: Empirical Evidence in the Context of Developing Countries," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 11(5), pages 45-51.
    7. Kim, Mee Jung, 2023. "Impact of the Community Reinvestment Act on small business employment in lower income neighborhoods," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    8. Barbara Novak & Luca Sensini, 2024. "Determinants of Capital Structure in the Hospitality Industry: Empirical Evidence," International Journal of Business and Management, Canadian Center of Science and Education, vol. 19(6), pages 188-188, December.
    9. Horvath, Akos & Lang, Peter, 2021. "Do loan subsidies boost the real activity of small firms?," Journal of Banking & Finance, Elsevier, vol. 122(C).
    10. Andreas Mueller & Luca Sensini, 2023. "Determinants of Financing Decisions of SMEs: Evidence from Hotel Industry," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(3), pages 117-117, April.
    11. Jackson Njau Waweru & Kennedy M. Waweru & Kenneth L. Wanjau & Josphat K. Kinyanjui, 2017. "Influence of Alternative Financing on the Relationship between Firm Size and Efficiency of Small and Medium Enterprises in Kenya," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 6(6), pages 01-15, October.
    12. Costa, Alessandra & Crupi, Antonio & Barabuffi, Saverio & Di Minin, Alberto, 2026. "Innovation coherence, financial slack, and SMEs' success in competitive innovation policies: Evidence from the EU SME-instrument," Technological Forecasting and Social Change, Elsevier, vol. 223(C).
    13. Brei, Michael & Gadanecz, Blaise & Mehrotra, Aaron, 2020. "SME lending and banking system stability: Some mechanisms at work," Emerging Markets Review, Elsevier, vol. 43(C).
    14. Franziska M. Bremus, 2015. "The Debate about Financing Constraints of SMEs in Europe," DIW Roundup: Politik im Fokus 66, DIW Berlin, German Institute for Economic Research.
    15. Bremus, Franziska Maria & Neugebauer, Katja, 2015. "Don't Stop Me Now: The Impact of Credit Market Segmentation on Firms' Financing Constraints," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112857, Verein für Socialpolitik / German Economic Association.
    16. Ömer Tuğsal Doruk & Bi Irie Claude Martial Gohore, 2024. "A Financing Constraints Paradox? Internal Finance and Capital Structure Link for Tourism Firms: Asian Emerging Market evidence," SAGE Open, , vol. 14(4), pages 21582440241, November.
    17. International Finance Corporation, 2021. "Small Business, Big Growth," World Bank Publications - Reports 37842, The World Bank Group.
    18. Beata Ślusarczyk & Katarzyna Grondys, 2019. "Parametric Conditions of High Financial Risk in the SME Sector," Risks, MDPI, vol. 7(3), pages 1-17, August.
    19. Luca Papi & Emma Sarno & Alberto Zazzaro, 2015. "The Geographical Network of Bank Organizations: Issues and Evidence for Italy," CSEF Working Papers 403, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    20. Besa SHAHINI, 2016. "Financial Constraints Of Small And Medium Enterprises: Case Of Albania," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 5(1), pages 21-34, JULY.
    21. Daniela MITRAN, 2016. "Economic And Social Impact Of The Young Entrepreneurs Program In Romania," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 154-160, June.

  22. Ryan N. Banerjee & Hitoshi Mio, 2014. "The Impact of Liquidity Regulation on Banks," BIS Working Papers 470, Bank for International Settlements.

    Cited by:

    1. Kedan, Danielle & Veghazy, Alexia Ventula, 2021. "The implications of liquidity regulation for monetary policy implementation and the central bank balance sheet size: an empirical analysis of the euro area," Working Paper Series 2515, European Central Bank.
    2. Alyssa G. Anderson & Alessandro Barbarino & Anthony M. Diercks & Stephen I. Miran, 2026. "A User’s Guide to Reducing the Federal Reserve’s Balance Sheet," Finance and Economics Discussion Series 2026-019, Board of Governors of the Federal Reserve System (U.S.).
    3. Sviatlana Hlebik & Lara Ghillani, 2017. "Management Strategies for Bank¡¯s Liquidity Risk," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(6), pages 98-110, June.
    4. Rafique, Amir & Ali, Amjad & Audi, Marc, 2025. "Impact of Liquidity Risk Management on Profitability of Canadian Banks," MPRA Paper 127486, University Library of Munich, Germany.
    5. Arias, Jose & Talavera, Oleksandr & Tsapin, Andriy, 2022. "Bank liquidity and exposure to industry shocks: Evidence from Ukraine," Emerging Markets Review, Elsevier, vol. 53(C).
    6. Marcelo Rezende & Mary-Frances Styczynski & Cindy M. Vojtech, 2016. "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Finance and Economics Discussion Series 2016-090, Board of Governors of the Federal Reserve System (U.S.).
    7. Shrujan Rajdeep & Biswajit Patra, 2025. "Does Basel III – Liquidity Coverage Ratio Affect the Profitability of Indian Public Sector Banks?," Millennial Asia, , vol. 16(4), pages 639-658, December.
    8. Johan Solms, 2021. "Integrating Regulatory Technology (RegTech) into the digital transformation of a bank Treasury," Journal of Banking Regulation, Palgrave Macmillan, vol. 22(3), pages 191-207, September.
    9. Alette Tammenga & Pieter Haarman, 2020. "Liquidity risk regulation and its practical implications for banks: the introduction and effects of the Liquidity Coverage Ratio," Maandblad Voor Accountancy en Bedrijfseconomie Articles, Maandblad Voor Accountancy en Bedrijfseconomie, vol. 94(9-10), pages 367-378, October.
    10. Reinhardt, Dennis & Reynolds, Stephen & Sowerbutts, Rhiannon & van Hombeeck, Carlos, 2023. "Quality is our asset: The international transmission of liquidity regulation," Journal of Banking & Finance, Elsevier, vol. 154(C).
    11. Rezende, Marcelo & Styczynski, Mary-Frances & Vojtech, Cindy M., 2021. "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Journal of Financial Intermediation, Elsevier, vol. 46(C).
    12. Olivier de Bandt & Sandrine Lecarpentier & Cyril Pouvelle, 2020. "Determinants of Banks Liquidity: a French Perspective on Interactions between Market and Regulatory Requirements," Working papers 782, Banque de France.
    13. Badarau, Cristina & Lapteacru, Ion, 2020. "Bank risk, competition and bank connectedness with firms: A literature review," Research in International Business and Finance, Elsevier, vol. 51(C).
    14. Tziogkidis, Panagiotis & Philippas, Dionisis, 2024. "Regulatory profiling and endogenous benchmarking," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    15. Gam, Yong Kyu, 2026. "Global standard and bank liquidity creation: A case study of Basel III liquidity regulation," Journal of Empirical Finance, Elsevier, vol. 85(C).
    16. Husodo, Zaäfri A. & Raz, Arisyi F. & Danarsari, Dwi Nastiti, 2024. "The bind and the slack of Basel III liquidity regulations: Evidence from Indonesia," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 96(C).
    17. Grundke, Peter & Kühn, André, 2020. "The impact of the Basel III liquidity ratios on banks: Evidence from a simulation study," The Quarterly Review of Economics and Finance, Elsevier, vol. 75(C), pages 167-190.
    18. Sandrine Lecarpentier & Cyril Pouvelle & Olivier de Bandt, 2019. "Determinants of banks' liquidity : a French perspective on market and regulatory ratio interactions," EconomiX Working Papers 2019-18, University of Paris Nanterre, EconomiX.
    19. Ms. Juliana Dutra Araujo & Manasa Patnam & Ms. Adina Popescu & Mr. Fabian Valencia & Weijia Yao, 2020. "Effects of Macroprudential Policy: Evidence from Over 6,000 Estimates," IMF Working Papers 2020/067, International Monetary Fund.
    20. Allahrakha, Meraj & Cetina, Jill & Munyan, Benjamin, 2018. "Do higher capital standards always reduce bank risk? The impact of the Basel leverage ratio on the U.S. triparty repo market," Journal of Financial Intermediation, Elsevier, vol. 34(C), pages 3-16.
    21. Li, Boyao, 2021. "Bank equity, interest payments, and credit creation under Basel III regulations," MPRA Paper 111269, University Library of Munich, Germany.
    22. Adesina, Kolade Sunday, 2019. "Basel III liquidity rules: The implications for bank lending growth in Africa," Economic Systems, Elsevier, vol. 43(2), pages 1-1.
    23. Tang, Ying & Li, Zhiyong & Chen, Jing & Deng, Chao, 2021. "Liquidity creation cyclicality, capital regulation and interbank credit: Evidence from Chinese commercial banks," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    24. Martin Hodula & Zlatuše Komárková & Lukáš Pfeifer, 2021. "The relationship between capital and liquidity prudential instruments," Journal of Regulatory Economics, Springer, vol. 59(1), pages 47-70, February.
    25. Wedow, Michael & Sahel, Benjamin & Scalia, Antonio & Schobert, Franziska & Bucalossi, Annalisa & Fonseca Coutinho, Cristina & Junius, Kerstin & Luskin, Alaoishe & Momtsia, Angeliki & Rahmouni-Rousseau, 2016. "Basel III and recourse to Eurosystem monetary policy operations," Occasional Paper Series 171, European Central Bank.
    26. Sam Miller & Boromeus Wanengkirtyo, 2020. "Liquidity and monetary transmission: a quasi-experimental approach," Bank of England Staff Working Paper series 891, Bank of England.
    27. Sundaresan, Suresh & Xiao, Kairong, 2024. "Liquidity regulation and banks: Theory and evidence," Journal of Financial Economics, Elsevier, vol. 151(C).
    28. Kristin Forbes & Dennis Reinhardt & Tomasz Wieladek, 2016. "The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies," Discussion Papers 44, Monetary Policy Committee Unit, Bank of England.
    29. Elien Meuleman & Rudi Vander Vennet, 2019. "Macroprudential Policy And Bank Systemic Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/971, Ghent University, Faculty of Economics and Business Administration.
    30. Md Hakim Ali & Md Akther Uddin & Md Arifur Rahman & Mohammad Kabir Hassan, 2026. "From uncertainty to banking instability: global evidence," Journal of Banking Regulation, Palgrave Macmillan, vol. 27(2), pages 1-19, June.
    31. Uddin, Md Hamid & Mollah, Sabur & Ali, Md Hakim, 2020. "Does cyber tech spending matter for bank stability?," International Review of Financial Analysis, Elsevier, vol. 72(C).
    32. Peng, Hongfeng & Zhang, Zhichao & Liang, Zimin, 2025. "How does liquidity regulation influence the effect of monetary policy transmission? A structural analysis based on the classified assets of chinese commercial banks," Research in International Business and Finance, Elsevier, vol. 78(C).
    33. Delia Ruiz & Diego Franco & Walter Cuba, 2025. "The LCR Premium in Peru: Estimating the Impact of a Regulatory Supply Shock on LCR Ratio," IHEID Working Papers 13-2025, Economics Section, The Graduate Institute of International Studies.
    34. Raymond Kim, 2021. "Disproportionate costs of uncertainty: Small bank hedging and Dodd‐Frank," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(5), pages 686-709, May.
    35. Jérémy Pépy & Benjamin Williams, 2018. "Assessing the impact of Basel III on bank behaviour: A micro-founded approach," Working Papers halshs-01844661, HAL.
    36. Anureet Virk Sidhu & Shailesh Rastogi & Rajani Gupte & Venkata Mrudula Bhimavarapu, 2022. "Impact of Liquidity Coverage Ratio on Performance of Select Indian Banks," JRFM, MDPI, vol. 15(5), pages 1-17, May.
    37. Raphaëlle BELLANDO & Oana TOADER, 2017. "An analysis of banks’ weaknesses in the light of stress tests," LEO Working Papers / DR LEO 2479, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    38. Ananou, Foly & Chronopoulos, Dimitris K. & Tarazi, Amine & Wilson, John O.S., 2021. "Liquidity regulation and bank lending," Journal of Corporate Finance, Elsevier, vol. 69(C).
    39. David Aikman & Andrew Haldane & Marc Hinterschweiger & Sujit Kapadia, 2018. "Rethinking financial stability," Bank of England Staff Working Paper series 712, Bank of England.
    40. Matthieu Chavaz & David Elliott, 2020. "Separating retail and investment banking: evidence from the UK," Bank of England Staff Working Paper series 892, Bank of England.
    41. Ćehajić, Aida & Košak, Marko, 2022. "Bank lending and small and medium-sized enterprises’ access to finance – Effects of macroprudential policies," Journal of International Money and Finance, Elsevier, vol. 124(C).
    42. Sebastian de Ramon & William Francis & Kristoffer Milonas, 2017. "An overview of the UK banking sector since the Basel Accord: insights from a new regulatory database," Bank of England Staff Working Paper series 652, Bank of England.
    43. Bank for International Settlements, 2015. "Regulatory change and monetary policy," CGFS Papers, Bank for International Settlements, number 54.
    44. Olivier de Bandt & Mohammed Chahad, 2016. "A DGSE Model to Assess the Post-Crisis Regulation of Universal Banks," Working papers 602, Banque de France.
    45. Adil Boutfssi & Youssef Zizi & Tarik Quamar, 2026. "Short-Run Inertia and Long-Run Adjustment in Bank Credit: An ARDL–ECM Analysis of Monetary Transmission in an Emerging Economy [Inertie à court terme et ajustement à long terme du crédit bancaire : une analyse ARDL-ECM de la transmission monétaire," Post-Print hal-05541741, HAL.
    46. Araujo, Juliana & Patnam, Manasa & Popescu, Adina & Valencia, Fabian & Yao, Weijia, 2024. "Effects of macroprudential policy: Evidence from over 6000 estimates," Journal of Banking & Finance, Elsevier, vol. 169(C).
    47. Bologna, Pierluigi, 2018. "Banks’ maturity transformation: risk, reward, and policy," ESRB Working Paper Series 63, European Systemic Risk Board.
    48. Gocheva, Viktoriya & Mudde, Yvo & Tapking, Jens, 2022. "Liquidity coverage ratios and monetary policy credit in the time of Corona," Working Paper Series 2668, European Central Bank.
    49. Robert Hills & John Hooley & Yevgeniya Korniyenko & Tomasz Wieladek, 2015. "International banking and liquidity risk transmission: lessons from the United Kingdom," Bank of England Staff Working Paper series 562, Bank of England.
    50. Fuhrer, Lucas Marc & Müller, Benjamin & Steiner, Luzian, 2017. "The Liquidity Coverage Ratio and security prices," Journal of Banking & Finance, Elsevier, vol. 75(C), pages 292-311.
    51. Hasman, Augusto & Samartín, Margarita, 2017. "Capital and liquidity in a dynamic model of banking," Economic Modelling, Elsevier, vol. 64(C), pages 172-177.
    52. Jane E. Ihrig & Edward Kim & Ashish Kumbhat & Cindy M. Vojtech & Gretchen C. Weinbach, 2017. "How Have Banks Been Managing the Composition of High-Quality Liquid Assets?," Finance and Economics Discussion Series 2017-092, Board of Governors of the Federal Reserve System (U.S.).
    53. Chen, Yu-Lun & Hu, Ming-Che & Liao, Wen-Ju & Chang, Yu-Ting, 2025. "Who leads in China's interbank market? Information networks and quote spillovers in SHIBOR," Pacific-Basin Finance Journal, Elsevier, vol. 94(C).
    54. Patty Duijm & Peter Wierts, 2016. "The Effects of Liquidity Regulation on Bank Assets and Liabilities," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 385-411, June.
    55. Hsieh, Meng-Fen & Lee, Chien-Chiang & Lin, Yi-Ching, 2022. "New evidence on liquidity creation and bank capital: The roles of liquidity and political risk," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 778-794.
    56. Iñaki Aldasoro & Sebastian Doerr & Haonan Zhou, 2026. "Liquidity regulation and bank funding costs," BIS Working Papers 1352, Bank for International Settlements.
    57. Jose Arias & Oleksandr Talavera & Andriy Tsapin, 2020. "Bank Liquidity and Exposure to Industry Shocks," Discussion Papers 20-16, Department of Economics, University of Birmingham.
    58. Christopher Curfman & John Kandrac, 2019. "The costs and benefits of liquidity regulations: Lessons from an idle monetary policy tool," Finance and Economics Discussion Series 2019-041, Board of Governors of the Federal Reserve System (U.S.).
    59. Yi Zheng & S. Drew Peabody, 2025. "Bank Funding Dynamics Between Retail Deposits and Wholesale Funds: Implications for Regulations," Journal of Financial Services Research, Springer;Western Finance Association, vol. 68(1), pages 75-122, August.
    60. Bragaglia, Erika & Curcio, Domenico & Galloppo, Giuseppe & Guida, Roberto, 2026. "Funding liquidity regulation, ultra-expansionary monetary policy and European banks’ profitability," Research in International Business and Finance, Elsevier, vol. 82(C).
    61. Corradin, Stefano & Eisenschmidt, Jens & Hoerova, Marie & Linzert, Tobias & Schepens, Glenn & Sigaux, Jean-David, 2020. "Money markets, central bank balance sheet and regulation," Working Paper Series 2483, European Central Bank.
    62. Howard Diesel & Mukelani Nkuna & Tim Olds & Daan Steenkamp, 2022. "ThecostofcomplyingwithBaselIIIliquidityregulationsforSouthAfricanbanks," Working Papers 11032, South African Reserve Bank.
    63. 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.
    64. Bonner, Clemens, 2015. "Preferential Regulatory Treatment and Banks' Demand for Government Bonds," Discussion Paper 2015-056, Tilburg University, Center for Economic Research.
    65. Sylvain Benoit & Jean-Edouard Colliard & Christophe Hurlin & Christophe Pérignon, 2017. "Where the Risks Lie: A Survey on Systemic Risk," Review of Finance, European Finance Association, vol. 21(1), pages 109-152.
    66. Li, Boyao, 2022. "How does bank equity affect credit creation? Multiplier effects under Basel III regulations," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 299-324.
    67. Muhammad Saifuddin Khan, 2018. "The Role of Liquidity in Financial Intermediation," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 1-2018, January-A.
    68. Eva Liebmann & Joe Peek, 2015. "Global standards for liquidity regulation," Current Policy Perspectives 15-3, Federal Reserve Bank of Boston.
    69. Dai, Junxun & Liu, Yan & Yuan, Wei & Zou, Xin, 2024. "Does liquidity regulation affect commercial banks' carbon bias? Evidence from China," China Economic Review, Elsevier, vol. 87(C).
    70. Foly Ananou & Dimitris Chronopoulos & Amine Tarazi & John O S Wilson, 2023. "Liquidity Regulation and Bank Risk," Working Papers hal-03366418, HAL.
    71. George Kladakis & Lei Chen & Sotirios K. Bellos, 2022. "Wholesale funding and liquidity creation," Review of Quantitative Finance and Accounting, Springer, vol. 59(4), pages 1501-1524, November.
    72. Financial Stability Committee, Task Force on cross-border Spillover Effects of macroprudential measures & Kok, Christoffer & Reinhardt, Dennis, 2020. "Cross-border spillover effects of macroprudential policies: a conceptual framework," Occasional Paper Series 242, European Central Bank.
    73. Stefan Angrick & Naoko Nemoto, 2018. "Breaking Par: Short-Term Determinants of Yen-Dollar Swap Deviations," ADBI Working Papers 859, Asian Development Bank Institute.
    74. Christopher J Curfman & John Kandrac, 2022. "The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool [Crisis resolution and bank liquidity]," Review of Finance, European Finance Association, vol. 26(2), pages 319-353.
    75. Buket MENTESOGLU ERDEMLI, 2025. "Determinants of Banks’ Liquidity Buffer Holdings: Evidence from the Turkish Banking Sector," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 19(2), pages 149-172.
    76. Michael Boutros & Jonathan Witmer, 2017. "Monetary Policy Implementation in a Negative Rate Environment," Staff Working Papers 17-25, Bank of Canada.
    77. Gropp, Reint & Radev, Deyan, 2017. "International banking conglomerates and the transmission of lending shocks across borders," SAFE Working Paper Series 175, Leibniz Institute for Financial Research SAFE.
    78. Farouq Altahtamouni & Shikhah Alyousef, 2021. "The Effect of Liquidity According to the Requirements of the Basel III Committee on the Profitability of Banks: Evidence from Saudi Banks," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 439-463.
    79. Roberts, Daniel & Sarkar, Asani & Shachar, Or, 2023. "Liquidity regulations, bank lending and fire-sale risk," Journal of Banking & Finance, Elsevier, vol. 156(C).
    80. Clemens Bonner & Sylvester C. W. Eijffinger, 2016. "The Impact of Liquidity Regulation on Bank Intermediation," Review of Finance, European Finance Association, vol. 20(5), pages 1945-1979.
    81. Peng, Hongfeng & Liang, Zimin & Zhang, Zhichao, 2026. "Has the regulation of high quality liquid asset adequacy ratio improved the risk-taking of small and medium-sized banks?--Empirical evidence from China," Research in International Business and Finance, Elsevier, vol. 82(C).
    82. Retselisitsoe I. Thamae & Nicholas M. Odhiambo, 2022. "The impact of bank regulation on bank lending: a review of international literature," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 405-418, December.
    83. M. Birn & M. Dietsch & D. Durant, 2017. "How to reach all Basel requirements at the same time?," Débats Economiques et financiers 28, Banque de France.
    84. Marwan Alzoubi, 2025. "Liquidity funding and lending in MENA," Journal of Banking Regulation, Palgrave Macmillan, vol. 26(3), pages 464-473, September.
    85. Donald Amuah & Chibuzo Amadi & Brian Telford & Inalegwu Ode-Ichakpa, 2026. "Capital, liquidity, and bank performance after the global financial crisis: evidence from the ‘big four’ retail banks in the UK," Journal of Banking Regulation, Palgrave Macmillan, vol. 27(1), pages 1-25, March.
    86. Bonner, Clemens & Wedow, Michael & Budnik, Katarzyna & Koban, Anne & Kok, Christoffer & Laliotis, Dimitrios & Meller, Barbara & Melo, Ana Sofia & Moldovan, Iulia & Schmitz, Stefan & Couaillier, Cyril , 2018. "Systemic liquidity concept, measurement and macroprudential instruments," Occasional Paper Series 214, European Central Bank.
    87. Johan von Solms, 2021. "Integrating Regulatory Technology (RegTech) into the digital transformation of a bank Treasury," Journal of Banking Regulation, Palgrave Macmillan, vol. 22(2), pages 152-168, June.
    88. Sînziana Kroon & Clemens Bonner & Iman van Lelyveld & Jan Wrampelmeyer, 2021. "The ‘new normal’ during normal times – liquidity regulation and conventional monetary policy," Working Papers 703, DNB.
    89. Melchisedek Joslem Ngambou Djatche, 2022. "Monetary policy, prudential policy and bank's risk‐taking: A literature review," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1559-1590, December.
    90. Saibal Ghosh, 2026. "Real estate regulation and market perceptions of bank returns: evidence from a quasi-natural experiment in India," Journal of Regulatory Economics, Springer, vol. 69(1), pages 1-38, December.
    91. Ewa Dziwok & Marta A. Karaś, 2021. "Systemic Illiquidity Noise-Based Measure—A Solution for Systemic Liquidity Monitoring in Frontier and Emerging Markets," Risks, MDPI, vol. 9(7), pages 1-29, July.
    92. Junttila, Juha & Nguyen, Vo Cao Sang, 2022. "Impacts of sovereign risk premium on bank profitability: Evidence from euro area," International Review of Financial Analysis, Elsevier, vol. 81(C).
    93. Yiannis Anagnostopoulos & Jackie Kabeega, 2019. "Insider perspectives on European banking challenges in the post-crisis regulation environment," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(2), pages 136-158, June.
    94. Meriläinen, Jari-Mikko & Junttila, Juha, 2020. "The relationship between credit ratings and asset liquidity: Evidence from Western European banks," Journal of International Money and Finance, Elsevier, vol. 108(C).
    95. He, Liang & Yao, Yue & Wang, Yiqiu & Liu, Xiaoxing, 2026. "Investor sentiment and bank liquidity risk: Theory and evidence," Pacific-Basin Finance Journal, Elsevier, vol. 95(C).
    96. Clemens Bonner & Iman Lelyveld & Robert Zymek, 2015. "Banks’ Liquidity Buffers and the Role of Liquidity Regulation," Journal of Financial Services Research, Springer;Western Finance Association, vol. 48(3), pages 215-234, December.
    97. Renata Karkowska & Paweł Niedziółka, 2019. "Rentowność banków komercyjnych a ich płynność w kontekście implementacji ilościowych norm płynności rekomendowanych przez Bazylejski Komitet ds. Nadzoru Bankowego," Bank i Kredyt, Narodowy Bank Polski, vol. 50(2), pages 149-172.
    98. Cristina-Georgiana Zeldea & Mihai Nițoi, 2021. "Macroprudential tools, credit growth and financial stability: Lessons from Central and Eastern European countries," Journal of Financial Studies, Institute of Financial Studies, vol. 11(6), pages 156-178, December.
    99. Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
    100. Liu, Guanchun & Liu, Hangjuan & Wu, Jiaqi & You, Linqing, 2025. "Macroprudential assessment framework and firms’ access to bank credit: Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).

  23. Ryan N. Banerjee, 2010. "Which countries receive aid as insurance and why? A theory of optimal aid policy," 2010 Meeting Papers 667, Society for Economic Dynamics.

    Cited by:

    1. Dabla-Norris, Era & Minoiu, Camelia & Zanna, Luis-Felipe, 2015. "Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid," World Development, Elsevier, vol. 69(C), pages 44-61.
    2. Patrick Carter, 2012. "Aid Allocation Rules," Bristol Economics Discussion Papers 12/630, School of Economics, University of Bristol, UK.

  24. Ryan Banerjee & Nicoletta Batini, 2003. "Inflation Dynamics in Seven Industrialised Open Economies," Computing in Economics and Finance 2003 303, Society for Computational Economics.

    Cited by:

    1. Agénor, Pierre-Richard & Bayraktar, Nihal, 2010. "Contracting models of the Phillips curve empirical estimates for middle-income countries," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 555-570, June.
    2. Batini, Nicoletta & Justiniano, Alejandro & Levine, Paul & Pearlman, Joseph, 2006. "Robust inflation-forecast-based rules to shield against indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(9-10), pages 1491-1526.
    3. Scheufele, Rolf, 2008. "Evaluating the German (New Keynesian) Phillips Curve," IWH Discussion Papers 10/2008, Halle Institute for Economic Research (IWH).

Articles

  1. Ryan Banerjee & Jose‐Maria Serena, 2026. "Dampening the Financial Accelerator? Direct Lenders and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 58(4), pages 1017-1049, June.
    See citations under working paper version above.
  2. Acharya, Viral V. & Banerjee, Ryan & Crosignani, Matteo & Eisert, Tim & Spigt, Renée, 2025. "Exorbitant privilege? Quantitative easing and the bond market subsidy of prospective fallen angels," Journal of Financial Economics, Elsevier, vol. 170(C).
    See citations under working paper version above.
  3. Banerjee, Ryan & Contreras, Juan & Mehrotra, Aaron & Zampolli, Fabrizio, 2024. "Inflation at risk in advanced and emerging market economies," Journal of International Money and Finance, Elsevier, vol. 142(C).

    Cited by:

    1. Guglielmo Maria Caporale & Luis Alberiko Gil-Alana & Oluwadare O. Ojo & Ruka O. Jimoh, 2026. "Inflation Persistence in the SCO Countries: A Fractional Integration Approach," CESifo Working Paper Series 12578, CESifo.
    2. Alexandra Chudaeva, 2025. "Analysis of Inflation Risk Factors in Russia," Russian Journal of Money and Finance, Bank of Russia, vol. 84(1), pages 60-92, March.
    3. António Afonso & José Alves & João Jalles & Sofia Monteiro, 2024. "Inflation Tales: the Heterogenous Price Effects from Current Account Dynamics," Working Papers REM 2024/0359, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    4. Jácome, Luis I. & Pienknagura, Samuel, 2025. "Central bank independence and inflation tail risks—Evidence from emerging markets," Journal of International Money and Finance, Elsevier, vol. 153(C).
    5. Ignacio Garr'on & C. Vladimir Rodr'iguez-Caballero & Esther Ruiz, 2024. "International vulnerability of inflation," Papers 2410.20628, arXiv.org, revised Oct 2024.
    6. Kladakis, George & Skouralis, Alexandros, 2025. "Sovereign credit rating downgrades and Growth-at-Risk," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 103(C).
    7. Shekhar, Chandra & Yadav, Vijender & Saurav, Ankur, 2026. "Two-tier trade credit inventory system for defective and deteriorating items incorporating preservation technology and learning effect with carbon emission in an inflationary environment," Omega, Elsevier, vol. 141(C).
    8. Abdelkader Aguir, 2025. "Post-COVID Monetary Policy Challenges in Emerging Economies: Revisiting the Effectiveness of Inflation Targeting [Les défis de la politique monétaire post-COVID dans les économies émergentes : revisiter l’efficacité du ciblage de l’inflation]," Post-Print hal-05136089, HAL.
    9. Garrón Vedia, Ignacio & Rodríguez Caballero, Carlos Vladimir & Ruiz Ortega, Esther, 2024. "International vulnerability of inflation," DES - Working Papers. Statistics and Econometrics. WS 44814, Universidad Carlos III de Madrid. Departamento de Estadística.
    10. Lunardelli, Andre, 2025. "Fairness, ambiguity, wage markups and disinflation costs," MPRA Paper 126505, University Library of Munich, Germany.

  4. Ryan Banerjee & Aaron Mehrotra, 2023. "Unanticipated and Backward-Looking: Deflations and the Behavior of Inflation Expectations," International Journal of Central Banking, International Journal of Central Banking, vol. 19(4), pages 41-83, October.

    Cited by:

    1. Marine Charlotte André & Meixing Dai, 2026. "How Can Inflation Contracts Discipline Central Bankers When Agents Are Learning?," Bulletin of Economic Research, Wiley Blackwell, vol. 78(1), pages 3-26, January.

  5. Ryan Banerjee & Boris Hofmann, 2022. "Corporate zombies: anatomy and life cycle," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 37(112), pages 757-803.
    See citations under working paper version above.
  6. 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.
    See citations under working paper version above.
  7. Ryan Niladri Banerjee & Francesco Franceschi & Stéphane Riederer, 2022. "Borrower vulnerabilities, their distribution and credit losses," BIS Quarterly Review, Bank for International Settlements, September.

    Cited by:

    1. Mathias Drehmann & Mikael Juselius & Sarah Quincy, 2024. "Aggregate debt servicing and the limit on private credit," BIS Working Papers 1235, Bank for International Settlements.
    2. Sergio A. Correia & Stephan Luck & Emil Verner, 2024. "Failing Banks," Staff Reports 1117, Federal Reserve Bank of New York.
    3. Jieun Lee & Ilhyock Shim, 2026. "Lending to vulnerable households and consumption: evidence from Korea," BIS Working Papers 1331, Bank for International Settlements.

  8. Banerjee, Ryan & Blickle, Kristian, 2021. "Financial frictions, real estate collateral and small firm activity in Europe," European Economic Review, Elsevier, vol. 138(C).
    See citations under working paper version above.
  9. Ryan Banerjee & Aaron Mehrotra, 2021. "Disagreeing during Deflations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(7), pages 1867-1885, October.

    Cited by:

    1. Alessandro Barbera & Dora Xia & Sonya Zhu, 2023. "The term structure of inflation forecasts disagreement and monetary policy transmission," BIS Working Papers 1114, Bank for International Settlements.

  10. Banerjee, Ryan N. & Gambacorta, Leonardo & Sette, Enrico, 2021. "The real effects of relationship lending✰," Journal of Financial Intermediation, Elsevier, vol. 48(C).

    Cited by:

    1. Sánchez Serrano, Antonio, 2022. "Loan renegotiation and the long-term impact on total factor productivity," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(4).
    2. Choudhary, M. Ali & Jain, Anil, 2022. "Finance and inequality: The distributional impacts of bank credit rationing," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    3. Lopez, Jose A. & Spiegel, Mark M., 2023. "Small business lending under the PPP and PPPLF programs," Journal of Financial Intermediation, Elsevier, vol. 53(C).
    4. Eiblmeier, Sebastian, 2025. "Firm Expectations and Debt Growth," MPRA Paper 128296, University Library of Munich, Germany.
    5. Berger, Allen N. & Bouwman, Christa H.S. & Norden, Lars & Roman, Raluca A. & Udell, Gregory F. & Wang, Teng, 2025. "Is a friend in need a friend indeed? How relationship borrowers fare during the COVID-19 crisis," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    6. Michelson, Noam, 2025. "Credit rationing during credit supply shock: Insights from loan level data," International Review of Economics & Finance, Elsevier, vol. 103(C).
    7. Mariani, Lucas Argentieri & Marchesi, Silvia, 2026. "International lending channel, bank heterogeneity and capital inflows (Mis)allocation," European Economic Review, Elsevier, vol. 182(C).
    8. Bronzini, Raffaello & Giunta, Anna & Pierucci, Eleonora & Sforza, Marco, 2025. "More technology, more loans? How advanced digital technologies influence firms’ financing conditions," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 47-66.
    9. Dempsey, Kyle & Faria-e-Castro, Miguel, 2025. "A quantitative analysis of bank lending relationships," Journal of Financial Economics, Elsevier, vol. 170(C).
    10. Miguel Acosta-Henao & Sangeeta Pratap & Manuel Taboada, 2023. "Relationship Lending: Characteristics and Real Effects," Working Papers Central Bank of Chile 999, Central Bank of Chile.
    11. Dahiya, Sandeep & Hallak, Issam & Matthys, Thomas, 2025. "Cash holdings and relationship lending," Journal of Corporate Finance, Elsevier, vol. 94(C).
    12. Song, Fenghua & Thakor, Anjan, 2022. "Ethics, capital and talent competition in banking," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    13. Jie Hao & Viet Tuan Pham, 2026. "Female CFOs and Relationship Lending: Implications From Gender Socialization Theory," The Financial Review, Eastern Finance Association, vol. 61(1), pages 15-38, February.
    14. Mary Amiti & Anil K. Kashyap & Anna Kovner & David E. Weinstein, 2026. "Why Do Firms Pay Different Interest Rates on Their Bank Loans?," Working Paper 26-03, Federal Reserve Bank of Richmond.
    15. Pavlič, Domen & Volk, Matjaž & Marinč, Matej, 2026. "When faced with reality: How extreme weather events influence bank lending," Research in International Business and Finance, Elsevier, vol. 81(C).
    16. Wu, Haomin & Yang, Yuting & Wang, Jiani, 2026. "Flexible fintech regulation and corporate digital innovation: Evidence from a quasi-natural experiment," Research in International Business and Finance, Elsevier, vol. 82(C).
    17. Miguel Acosta-Henao & Sangeeta Pratap & Manuel Taboada, 2022. "Four facts about relationship lending: The case of Chile 2012-2019," Working Papers Central Bank of Chile 956, Central Bank of Chile.
    18. Zhonggang Yue & Kai Wang & Maokun Ye, 2024. "The impact of fintech on corporate innovation: mediating role of entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 20(1), pages 231-252, March.
    19. IMANI, Yusuke & MINAMI, Koutaroh, 2025. "Wall of Main Bank : Bank Megamerger and Lending Adjustment," Working Paper Series G-1-29, Hitotsubashi University Center for Financial Research.
    20. Federico Fornasari & Enrico Miglino & Giacomo Rodano, 2026. "Costly firm supervision: the impact of statutory auditors on Italian firms," Temi di discussione (Economic working papers) 1517, Bank of Italy, Economic Research and International Relations Area.
    21. Kang, Jun-Koo & Li, Yingxiang & Oh, Seungjoon, 2022. "Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance," Journal of Financial Intermediation, Elsevier, vol. 50(C).
    22. Eiblmeier, Sebastian, 2025. "The Post-2015 German Lending Surge: What Role for QE?," MPRA Paper 126431, University Library of Munich, Germany.
    23. Tarik Alperen Er & Burak Deniz & Ibrahim Yarba, 2025. "Loan Spreads over the Credit Cycle," Working Papers 2510, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    24. Srivastava, Nikhil & Tripe, David & Haq, Mamiza & Yuen, Mui Kuen, 2026. "Financial market development and bank deposits," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 107(C).
    25. Sharma, Vivek, 2025. "Real effects of bank shocks," Journal of Financial Stability, Elsevier, vol. 81(C).
    26. Michel Alexandre & Gilberto Tadeu Lima & Luca Riccetti & Alberto Russo, 2023. "The financial network channel of monetary policy transmission: an agent-based model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(3), pages 533-571, July.
    27. Jason Roderick Donaldson & Giorgia Piacentino & Anjan Thakor, 2021. "Intermediation Variety," Journal of Finance, American Finance Association, vol. 76(6), pages 3103-3152, December.
    28. Ghosh, Chinmoy & He, Fan, 2023. "The impact of laws and institutions on financial contracts: Evidence from relationship lending across the world," Journal of Banking & Finance, Elsevier, vol. 148(C).
    29. Anna Burova & Alexey Ponomarenko & Svetlana Popova & Andrey Sinyakov & Yulia Ushakova, 2021. "Measuring heterogeneity in banks' interest rate setting in Russia," Bank of Russia Working Paper Series wps77, Bank of Russia.
    30. Luísa Farinha & Sotirios Kokas, 2022. "Real effects of imperfect bank-firm matching," Working Papers w202210, Banco de Portugal, Economics and Research Department.
    31. Ruguo Fan & Xiao Xie & Yuanyuan Wang & Jinchai Lin, 2025. "Effect of financial contagion between real and financial sectors on asset bubbles: A two‐layer network game approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 393-408, January.

  11. Ryan Niladri Banerjee & Enisse Kharroubi, 2020. "The financial vulnerabilities driving firms to the exit," BIS Quarterly Review, Bank for International Settlements, December.

    Cited by:

    1. Phurichai Rungcharoenkitkul, 2021. "Macroeconomic effects of Covid-19: a mid-term review," BIS Working Papers 959, Bank for International Settlements.
    2. Silvia Muzi & Filip Jolevski & Kohei Ueda & Domenico Viganola, 2023. "Productivity and firm exit during the COVID-19 crisis: cross-country evidence," Small Business Economics, Springer, vol. 60(4), pages 1719-1760, April.
    3. Kärnä, Anders & Östling Svensson, Karin, 2025. "Predicting Credit Deterioration: Internal Default Models versus Lending Rates," Working Paper Series 458, Sveriges Riksbank (Central Bank of Sweden).
    4. Francesco Columba & Tommaso Orlando & Francesco Palazzo & Fabio Parlapiano, 2022. "The features of equity capital increases by Italian corporates," Questioni di Economia e Finanza (Occasional Papers) 709, Bank of Italy, Economic Research and International Relations Area.
    5. Abidi, Nordine & El Herradi, Mehdi & Sakha, Sahra, 2023. "Digitalization and resilience during the COVID-19 pandemic," Telecommunications Policy, Elsevier, vol. 47(4).
    6. Juselius, Mikael & Tarashev, Nikola A., 2020. "Forecasting expected and unexpected losses," Bank of Finland Research Discussion Papers 18/2020, Bank of Finland.
    7. Shahin, Ahmad E, 2021. "Growing During a Global Crisis," MPRA Paper 117829, University Library of Munich, Germany.

  12. Banerjee, Ryan & Zampolli, Fabrizio, 2019. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," Economic Modelling, Elsevier, vol. 82(C), pages 420-436.
    See citations under working paper version above.
  13. Ryan Niladri Banerjee & Boris Hofmann, 2018. "The rise of zombie firms: causes and consequences," BIS Quarterly Review, Bank for International Settlements, September.

    Cited by:

    1. Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger, 2020. "Zombie Credit and (Dis-)Inflation: Evidence from Europe," Staff Reports 955, Federal Reserve Bank of New York.
    2. Christian Beer & Norbert Ernst & Walter Waschiczek, 2021. "The share of zombie firms among Austrian nonfinancial companies," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 35-58.
    3. Michael Chui & Tirupam Goel & Aaron Mehrotra & Kostas Tsatsaronis, 2022. "The monetary-fiscal policy nexus in the wake of the pandemic," BIS Papers, Bank for International Settlements, number 122.
    4. Li, Xinyu & Wang, Huacheng & Li, Rong, 2023. "A hidden channel of “blood transfusion”: Internal capital market subsidies and zombie firms," The British Accounting Review, Elsevier, vol. 55(6).
    5. Lucas A. Mariani & Silvia Marchesi, 2023. "International Lending Channel, Bank Heterogeneity and Capital Inflows (Mis)Allocation," ERSA Working Paper Series 887, Economic Research Southern Africa.
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    133. Li, Jie & Guo, Xiaowei & Huang, Bihong & Zhou, Tianhang, 2024. "Political connections and zombie firms: The role of the 2008 stimulus plan in China," Journal of Financial Stability, Elsevier, vol. 72(C).
    134. Gianluca Benigno & Boris Hofmann & Galo Nuño Barrau & Damiano Sandri, 2024. "Quo vadis, r*? The natural rate of interest after the pandemic," BIS Quarterly Review, Bank for International Settlements, March.
    135. Sadia Rashid & Kanwal Iqbal Khan & Adeel Nasir & Tayyiba Rashid, 2022. "Unveiling living dead: characteristics and consequences of zombie firms," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2121240-212, December.
    136. Alejandro Fernández Cerezo & José Manuel Montero, 2022. "A sectoral analysis of the future challenges facing the Spanish economy," Occasional Papers 2133, Banco de España.
    137. Feng, Ling & Lang, Henan & Pei, Tingting, 2022. "Zombie firms and corporate savings: Evidence from Chinese manufacturing firms," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 551-564.
    138. Schröpf, Benedikt, 2021. "The dynamics of wage dispersion between firms: The role of firm entry and exit," Discussion Papers 120, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
    139. Stephen Anthony & Hamid Yahyaei, 2022. "Bringing Credibility Back to Macroeconomic Policy Frameworks," Economic Papers, The Economic Society of Australia, vol. 41(3), pages 276-295, September.
    140. Willem Vanlaer & Mattia Picarelli & Wim Marneffe, 2021. "Debt and Private Investment: Does the EU Suffer from a Debt Overhang?," Open Economies Review, Springer, vol. 32(4), pages 789-820, September.
    141. Nicolás àguila & Juan M. Graña, 2020. "The Influence of the Interest Rate in Capitalist Competition: Capital Differentiation and Structural Change," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(2), pages 153-177, December.
    142. van Riet Ad, 2019. "Twenty Years of European Central Bank Monetary Policy: A Keynesian and Austrian Perspective," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(5-6), pages 797-840, October.

  14. Banerjee, Ryan N. & Mio, Hitoshi, 2018. "The impact of liquidity regulation on banks," Journal of Financial Intermediation, Elsevier, vol. 35(PB), pages 30-44.
    See citations under working paper version above.
  15. Banerjee, Ryan & Devereux, Michael B. & Lombardo, Giovanni, 2016. "Self-oriented monetary policy, global financial markets and excess volatility of international capital flows," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 275-297.
    See citations under working paper version above.
  16. Ryan Niladri Banerjee & Jonathan Kearns & Marco Jacopo Lombardi, 2015. "(Why) Is investment weak?," BIS Quarterly Review, Bank for International Settlements, March.

    Cited by:

    1. Adil, Masudul Hasan & Roy, Amrita, 2024. "Asymmetric effects of uncertainty on investment: Empirical evidence from India," The Journal of Economic Asymmetries, Elsevier, vol. 29(C).
    2. Buchholz, Manuel & Tonzer, Lena & Berner, Julian, 2016. "Asymmetric Investment Responses to Firm-specific Uncertainty," IWH Discussion Papers 7/2016, Halle Institute for Economic Research (IWH).
    3. Joseph W. Gruber & Steven B. Kamin, 2015. "The Corporate Saving Glut in the Aftermath of the Global Financial Crisis," International Finance Discussion Papers 1150, Board of Governors of the Federal Reserve System (U.S.).
    4. Manuel Buchholz & Lena Tonzer & Julian Berner, 2022. "Firm‐specific forecast errors and asymmetric investment propensity," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 764-793, April.
    5. Gerhard Fenz & Christian Ragacs & Martin Schneider & Klaus Vondra & Walter Waschiczek, 2015. "Causes of declining investment activity in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 12-34.
    6. Ryan Niladri Banerjee & Boris Hofmann & Aaron Mehrotra, 2020. "Corporate investment and the exchange rate: The financial channel," BIS Working Papers 839, Bank for International Settlements.
    7. Tae-Seok Jang & Sehwan Oh, 2023. "Transition to Sustainable Growth in South Korea: Investment and Trade under Uncertainty," Millennial Asia, , vol. 14(3), pages 360-378, September.
    8. Christl, Michael & Köppl-Turyna, Monika & Lorenz, Hanno, 2016. "Investitionen: Warum wir sie brauchen und wie wir sie kriegen [Blessed is he who expects nothing? The role of expectations for investment]," EconStor Preprints 145294, ZBW - Leibniz Information Centre for Economics.
    9. Mathias Lé & Frédéric Vinas, 2020. "The Financing of Investment: Firm Size, Asset Tangibility and the Size of Investment," Working papers 777, Banque de France.
    10. Spilimbergo, Antonio & Jirasavetakul, La-Bhus, 2018. "Economic Policy Uncertainty in Turkey," CEPR Discussion Papers 13352, Centre for Economic Policy Research.
    11. Kose, M. Ayhan & Ohnsorge, Franziska & Ye, Lei (Sandy) & Islamaj, Ergys, 2017. "Weakness in Investment Growth: Causes, Implications and Policy Responses," CEPR Discussion Papers 11886, Centre for Economic Policy Research.
    12. Angus Moore, 2017. "Measuring Economic Uncertainty and Its Effects," The Economic Record, The Economic Society of Australia, vol. 93(303), pages 550-575, December.
    13. Giordano, Claire & Marinucci, Marco & Silvestrini, Andrea, 2019. "The macro determinants of firms' and households' investment: Evidence from Italy," Economic Modelling, Elsevier, vol. 78(C), pages 118-133.
    14. Heiskanen, Eva & Jalas, Mikko & Juntunen, Jouni K. & Nissilä, Heli, 2017. "Small streams, diverse sources: Who invests in renewable energy in Finland during the financial downturn?," Energy Policy, Elsevier, vol. 106(C), pages 191-200.
    15. Yingwei Dong & Tirupam Goel & Emanuel Kohlscheen & Philip Wooldridge, 2025. "Keeping the momentum: how finance can continue to support growth in EMEs," 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 1-32, Bank for International Settlements.
    16. Claire Giordano & Marco Marinucci & Andrea Silvestrini, 2021. "Forecasting corporate capital accumulation in Italy: the role of survey-based information," Questioni di Economia e Finanza (Occasional Papers) 596, Bank of Italy, Economic Research and International Relations Area.
    17. Ernest Gnan, 2015. "Implications of ultra-low interest rates for financial institutions’ asset liability management – a policy-oriented overview," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 52-76.
    18. Martinez-Cillero, Maria & Lawless, Martina & O'Toole, Conor, 2023. "Analysing SME investment, financing constraints and its determinants. A stochastic frontier approach," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 578-588.
    19. Andrea Giusto & Talan B. Işcan, 2016. "Market Power and the Aggregate Saving Rate," Working Papers daleconwp2016-02, Dalhousie University, Department of Economics.
    20. Kim Sujin, 2018. "Investment Puzzle: Deeper Roots," Working Papers id:12433, eSocialSciences.
    21. Kazuo OGAWA & Elmer STERKEN & Ichiro TOKUTSU, 2019. "Why Is Investment So Weak Despite High Profitability? A panel study of Japanese manufacturing firms," Discussion papers 19009, Research Institute of Economy, Trade and Industry (RIETI).
    22. Balázs Égert, 2021. "Investment in OECD Countries: a Primer," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(2), pages 200-223, June.
    23. Cesare Dosi & Michele Moretto & Roberto Tamborini, 2019. "Balanced-Budget Fiscal Stimuli of Investment and Welfare Value," EconPol Working Paper 28, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    24. Lawless, Martina & Martinez-Cillero, Maria & O'Toole, Conor, 2021. "SME investment determinants and financing constraints: A stochastic frontier approach," Papers WP699, Economic and Social Research Institute (ESRI).
    25. Peter Mayerhofer & Michael Klien, 2016. "Unternehmensinvestitionen in den österreichischen Bundesländern. Entwicklung – Struktur – Funktion regionaler Förderung," WIFO Studies, WIFO, number 61950.
    26. Pravakar Sahoo & Ashwani Bishnoi, 2021. "Investment Slowdown in India: Role of Fiscal-Monetary policy and Economic Uncertainty," IEG Working Papers 439, Institute of Economic Growth.
    27. Balázs Égert, 2018. "Regulation, Institutions and Aggregate Investment: New Evidence from OECD Countries," Open Economies Review, Springer, vol. 29(2), pages 415-449, April.
    28. Jangho Yang & Brian Cozzarin & Torsten Heinrich, 2025. "Productivity dispersion and firm growth in Canada," Journal of Evolutionary Economics, Springer, vol. 35(1), pages 35-70, January.
    29. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    30. Fabio Busetti & Claire Giordano & Giordano Zevi, 2016. "The Drivers of Italy’s Investment Slump During the Double Recession," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(2), pages 143-165, July.
    31. Wu, Ying, 2024. "Risk-averse corporate investment behavior and the effectiveness of quantitative easing," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1270-1286.
    32. Pravakar Sahoo & Ashwani Bishnoi, 2021. "Investment Behavior in India: What led to Investment Slowdown and how to Revive it?," IEG Working Papers 436, Institute of Economic Growth.
    33. Yılmaz Akyüz, 2018. "Inequality, financialisation and stagnation," The Economic and Labour Relations Review, , vol. 29(4), pages 428-445, December.
    34. Hian Teck Hoon & Margarita Katsimi & Gylfi Zoega, 2023. "Investment and the long swings of unemployment," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(3), pages 611-632, July.
    35. Gargan, Eric & Kenny, Eoin & O Regan, Cynthia & O Toole, Conor, 2023. "A cross country perspective on Irish enterprise investment: Do fundamentals or constraints matter?," Papers WP754, Economic and Social Research Institute (ESRI).
    36. Berner, Julian & Buchholz, Manuel & Tonzer, Lena, 2020. "Asymmetric investment responses to firm-specific forecast errors," IWH Discussion Papers 5/2020, Halle Institute for Economic Research (IWH).
    37. Tapia, Jose, 2015. "Profits encourage investment, investment dampens profits, government spending does not prime the pump — A DAG investigation of business-cycle dynamics," MPRA Paper 64985, University Library of Munich, Germany, revised Jun 2015.
    38. Ryan Niladri Banerjee & Aaron Mehrotra, 2018. "Deflation expectations," BIS Working Papers 699, Bank for International Settlements.
    39. Dietrich Domanski & Jonathan Kearns & Marco Jacopo Lombardi & Hyun Song Shin, 2015. "Oil and debt," BIS Quarterly Review, Bank for International Settlements, March.
    40. Claire Giordano & Marco Marinucci & Andrea Silvestrini, 2022. "Assessing the usefulness of survey‐based data in forecasting firms' capital formation: Evidence from Italy," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(3), pages 491-513, April.
    41. Agostino Consolo & Marco Langiulli & David Sondermann, 2019. "Business investment in euro area countries: the role of institutions and debt overhang," Applied Economics Letters, Taylor & Francis Journals, vol. 26(7), pages 561-575, April.
    42. Gene Ambrocio & Tae-Seok Jang, 2021. "The Impact of the Global Financial Crisis on Investment in Finland and South Korea," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 17(3), pages 321-337, December.
    43. Ekaterina Pirozhkova, 2017. "Bank loan components, uncertainty and monetary transmission mechanism," BCAM Working Papers 1702, Birkbeck Centre for Applied Macroeconomics.
    44. Etienne Gagnon & Benjamin K. Johannsen & David López-Salido, 2021. "Understanding the New Normal: The Role of Demographics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(2), pages 357-390, June.
    45. Emanuel Kopp, 2018. "Determinants of U.S. Business Investment," IMF Working Papers 2018/139, International Monetary Fund.
    46. Maiko Koga & Haruko Kato, 2017. "Behavioral Biases in Firms' Growth Expectations," Bank of Japan Working Paper Series 17-E-9, Bank of Japan.
    47. Efe Can KILINÇ & Cafer Necat BERBEROĞLU, 2019. "The Relationship Between Saving, Profit Rates and Business CyclesAbstract:There are different approaches of economics schools on the sources, causes and determinants of business cycles. These approaches have been shaped in the Classical and Keynesian," Sosyoekonomi Journal, Sosyoekonomi Society.

  17. Ryan Banerjee & Nick McLaren, 2012. "Using changes in auction maturity sectors to help identify the impact of QE on gilt yields," Bank of England Quarterly Bulletin, Bank of England, vol. 52(2), pages 129-137.

    Cited by:

    1. Caporin, Massimiliano & Pelizzon, Loriana & Plazzi, Alberto, 2020. "Does monetary policy impact international market co-movements?," SAFE Working Paper Series 276, Leibniz Institute for Financial Research SAFE.
    2. Michael A. S. Joyce & Nick McLaren & Chris Young, 2012. "Quantitative easing in the United Kingdom: evidence from financial markets on QE1 and QE2," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 28(4), pages 671-701, WINTER.
    3. Dimitris Malliaropulos & Petros Migiakis, 2018. "Quantitative easing and sovereign bond yields: a global perspective," Working Papers 253, Bank of Greece.
    4. Breedon, Francis, 2018. "On the transactions costs of UK quantitative easing," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 347-356.
    5. Churm, Rohan & Joyce, Michael & Kapetanios, George & Theodoridis, Konstantinos, 2021. "Unconventional monetary policies and the macroeconomy: The impact of the UK's QE2 and funding for lending scheme," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 721-736.
    6. Lena Boneva & David Elliott & Iryna Kaminska & Oliver Linton & Nick McLaren & Ben Morley, 2019. "The impact of corporate QE on liquidity: evidence from the UK," Bank of England Staff Working Paper series 782, Bank of England.
    7. Jieyi Duan & Nobuyuki Hanaki, 2021. "The impact of asset purchases in an experimental market with consumption smoothing motives," ISER Discussion Paper 1147, Institute of Social and Economic Research, The University of Osaka.
    8. José Dorich & Nicholas Labelle St-Pierre & Vadym Lepetyuk & Rhys Mendes, 2018. "Could a higher inflation target enhance macroeconomic stability?," BIS Working Papers 720, Bank for International Settlements.
    9. Maciej Stefański, 2021. "Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions," KAE Working Papers 2021-068, Warsaw School of Economics, Collegium of Economic Analysis.
    10. Markus Heckel & Kiyohiko G. Nishimura, 2022. "Unconventional Monetary Policy through Open Market Operations: A Principal Component Analysis," Asian Economic Papers, MIT Press, vol. 21(1), pages 1-28, Winter/Sp.
    11. Stefania D'Amico & Max Gillet & Sam Schulhofer-Wohl & Tim Seida, 2026. "Open-Ended Treasury Purchases: From Market Functioning to Financial Easing," Staff Reports 1183, Federal Reserve Bank of New York.
    12. Roberto A. De Santis & Fédéric Holm‐Hadulla, 2020. "Flow Effects of Central Bank Asset Purchases on Sovereign Bond Prices: Evidence from a Natural Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(6), pages 1467-1491, September.
    13. Fasianos, Apostolos & Evgenidis, Anastasios, 2020. "Unconventional Monetary Policy and Wealth Inequalities in Great Britain," CEPR Discussion Papers 14656, Centre for Economic Policy Research.
    14. Hesse, Henning & Hofmann, Boris & Weber, James Michael, 2018. "The macroeconomic effects of asset purchases revisited," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 115-138.
    15. Bank for International Settlements, 2019. "Unconventional monetary policy tools: a cross-country analysis," CGFS Papers, Bank for International Settlements, number 63.
    16. Banerjee, Ryan N. & Mio, Hitoshi, 2018. "The impact of liquidity regulation on banks," Journal of Financial Intermediation, Elsevier, vol. 35(PB), pages 30-44.
    17. Pelizzon, Loriana & Sottocornola, Matteo, 2018. "The impact of monetary policy iInterventions on the insurance industry," SAFE Working Paper Series 204, Leibniz Institute for Financial Research SAFE.
    18. Stephanos Papadamou & Eleftherios Spyromitros & Nikolaos A. Kyriazis, 2018. "Quantitative easing effects on commercial bank liability and government yields in UK: A threshold cointegration approach," International Economics and Economic Policy, Springer, vol. 15(2), pages 353-371, April.
    19. Lena Boneva & Calebe de Roure & Ben Morley, 2018. "The impact of the Bank of England’s Corporate Bond Purchase Scheme on yield spreads," Bank of England Staff Working Paper series 719, Bank of England.
    20. Fatouh, Mahmoud & Markose, Sheri & Giansante, Simone, 2021. "The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses?," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 928-953.
    21. Kathi Schlepper & Heiko Hofer & Ryan Riordan & Andreas Schrimpf, 2017. "Scarcity effects of QE: A transaction-level analysis in the Bund market," BIS Working Papers 625, Bank for International Settlements.
    22. Georgios Chortareas & Menelaos Karanasos & Emmanouil Noikokyris, 2019. "Quantitative Easing And The Uk Stock Market: Does The Bank Of England Information Dissemination Strategy Matter?," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 569-583, January.
    23. Rohan Churm & Mike Joyce & George Kapetanios & Konstantinos Theodoridis, 2015. "Unconventional monetary policies and the macroeconomy: the impact of the United Kingdom's QE2 and Funding for Lending Scheme," Bank of England Staff Working Paper series 542, Bank of England.
    24. Iryna Kaminska & Alex Kontoghiorghes & Walker Ray, 2025. "QT versus QE: who is in when the central bank is out?," Bank of England Staff Working Paper series 1108, Bank of England.
    25. Tischbirek, Andreas, 2018. "Large-scale bond purchases in a currency union with segmentation in the market for government debt," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 37-69.
    26. Luchelle Soobyah & Nicola Viegi, 2022. "CanNationalTreasurydocontractionarymonetarypolicy," Working Papers 11031, South African Reserve Bank.
    27. Iryna Kaminska & Haroon Mumtaz, 2022. "Monetary policy transmission during QE times: role of expectations and term premia channels," Bank of England Staff Working Paper series 978, Bank of England.
    28. De Santis, Roberto A., 2016. "Impact of the asset purchase programme on euro area government bond yields using market news," Working Paper Series 1939, European Central Bank.
    29. Michael E. Cahill & Stefania D'Amico & Canlin Li & John S. Sears, 2013. "Duration risk versus local supply channel in Treasury yields: evidence from the Federal Reserve's asset purchase announcements," Finance and Economics Discussion Series 2013-35, Board of Governors of the Federal Reserve System (U.S.).
    30. Michael D. Bordo & Arunima Sinha, 2023. "The 1932 Federal Reserve Open‐Market Purchases as a Precedent for Quantitative Easing," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(5), pages 1177-1212, August.
    31. Michael Joyce & Zhuoshi Liu & Ian Tonks, 2014. "Institutional investor portfolio allocation, quantitative easing and the global financial crisis," Bank of England Staff Working Paper series 510, Bank of England.
    32. Motto, Roberto & Altavilla, Carlo & Carboni, Giacomo, 2015. "Asset purchase programmes and financial markets: lessons from the euro area," Working Paper Series 1864, European Central Bank.
    33. Bernhard, Severin & Ebner, Till, 2017. "Cross-border spillover effects of unconventional monetary policies on Swiss asset prices," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 109-127.
    34. Franck Martin & Jiangxingyun Zhang, 2017. "Impact of QE on European sovereign bond market," Economics Working Paper Archive (University of Rennes & University of Caen) 2017-04, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    35. Grahame Johnson & Sharon Kozicki & Romanos Priftis & Lena Suchanek & Jonathan Witmer & Jing Yang, 2020. "Implementation and Effectiveness of Extended Monetary Policy Tools: Lessons from the Literature," Discussion Papers 2020-16, Bank of Canada.
    36. Jack Meaning & James Warren, 2015. "The Transmission of Unconventional Monetary Policy in UK Government Debt Markets," National Institute Economic Review, National Institute of Economic and Social Research, vol. 234(1), pages 40-47, November.
    37. Laséen, Stefan, 2023. "Central bank asset purchases: Insights from quantitative easing auctions of government bonds," Working Paper Series 419, Sveriges Riksbank (Central Bank of Sweden).
    38. De Santis, Roberto A. & Holm-Hadulla, Fédéric, 2017. "Flow effects of central bank asset purchases on euro area sovereign bond yields: evidence from a natural experiment," Working Paper Series 2052, European Central Bank.
    39. Stefania D'Amico & Tim Seida, 2020. "Unexpected Supply Effects of Quantitative Easing and Tightening," Working Paper Series WP-2020-17, Federal Reserve Bank of Chicago.
    40. Dimitris Malliaropulos & Petros Migiakis, 2022. "A global monetary policy factor in sovereign bond yields," Working Papers 301, Bank of Greece.
    41. Anastasios Evgenidis & Apostolos Fasianos, 2019. "Monetary Policy and Wealth Inequalities in Great Britain: Assessing the role of unconventional policies for a decade of household data," Papers 1912.09702, arXiv.org.
    42. De Santis, Roberto A. & Stein, Michael, 2016. "Correlation changes between the risk-free rate and sovereign yields of euro area countries," Working Paper Series 1979, European Central Bank.
    43. Claudio Borio & Leonardo Gambacorta & Boris Hofmann, 2015. "The influence of monetary policy on bank profitability," BIS Working Papers 514, Bank for International Settlements.
    44. Andrew Bailey & Jonathan Bridges & Richard Harrison & Josh Jones & Aakash Mankodi, 2020. "The central bank balance sheet as a policy tool: past, present and future," Bank of England Staff Working Paper series 899, Bank of England.
    45. Abeer Reza & Eric Santor & Lena Suchanek, 2015. "Quantitative Easing as a Policy Tool Under the Effective Lower Bound," Discussion Papers 15-14, Bank of Canada.
    46. Steeley, James M., 2015. "The side effects of quantitative easing: Evidence from the UK bond market," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 303-336.
    47. Andrew Filardo & Boris Hofmann, 2014. "Forward guidance at the zero lower bound," BIS Quarterly Review, Bank for International Settlements, March.
    48. Andreas Tischbirek, 2016. "Unconventional Monetary Policy in a Currency Union with Segmentation in the Market for Government Debt," Cahiers de Recherches Economiques du Département d'économie 16.16, Université de Lausanne, Faculté des HEC, Département d’économie.
    49. Michael Bordo & Arunima Sinha, 2016. "A Lesson from the Great Depression that the Fed Might have Learned: A Comparison of the 1932 Open Market Purchases with Quantitative Easing," NBER Working Papers 22581, National Bureau of Economic Research, Inc.
    50. Markus Heckel & Kiyohiko G. Nishimura, 2020. "Unconventional Monetary Policy through Open Market Operations: A Principal Component Analysis," CARF F-Series CARF-F-501, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    51. Nicholas Butt & Silvia Domit & Michael McLeay & Ryland Thomas & Lewis Kirkham, 2012. "What can the money data tell us about the impact of QE?," Bank of England Quarterly Bulletin, Bank of England, vol. 52(4), pages 321-331.
    52. Maren Froemel & Michael Joyce & Iryna Kaminska, 2022. "The local supply channel of QE: evidence from the Bank of England’s gilt purchases," Bank of England Staff Working Paper series 980, Bank of England.
    53. Claudio Borio & Anna Zabai, 2016. "Unconventional monetary policies: a re-appraisal," BIS Working Papers 570, Bank for International Settlements.

Chapters

  1. Ryan Niladri Banerjee & Aaron Mehrotra & Fabrizio Zampolli, 2024. "Keeping the momentum: how finance can continue to support growth in EMEs," BIS Papers chapters, in: Bank for International Settlements (ed.), Keeping the momentum: how finance can continue to support growth in EMEs, volume 127, pages 1-39, Bank for International Settlements.

    Cited by:

    1. Tomohiro Hirano & Joseph E. Stiglitz, 2025. "Growth and Fluctuations Economies with Land Speculation," CIGS Working Paper Series 25-012E, The Canon Institute for Global Studies.
    2. Enya, Masahiro & Kohsaka, Akira & Matsuki, Takashi & Shinkai, Jun-ichi & Sugimoto, Kimiko, 2025. "Global factors, regional factors, and macro-financial linkages: Business cycles in emerging market economies in East Asia and Europe," International Economics, Elsevier, vol. 184(C).
    3. Tomohiro Hirano & Joseph E. Stiglitz, 2025. "Credit Expansion, Land Speculation, and Low-Interest-Rate Policy," Papers 2503.23552, arXiv.org, revised Feb 2026.

Books

  1. Bank for International Settlements, 2024. "Keeping the momentum:how finance can continue to support growth in EMEs," BIS Papers, Bank for International Settlements, number 148.
    See citations under working paper version above.Sorry, no citations of books recorded.
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