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The bank lending channel: lessons from the crisis

Author

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  • Gambacorta, Leonardo
  • Marqués-Ibáñez, David

Abstract

The 2007-2010 financial crisis highlighted the central role of financial intermediaries JEL Classification: E51, E52, E44

Suggested Citation

  • Gambacorta, Leonardo & Marqués-Ibáñez, David, 2011. "The bank lending channel: lessons from the crisis," Working Paper Series 1335, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:20111335
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1335.pdf
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    References listed on IDEAS

    as
    1. Gabe Bondt & David Ibáñez, 2005. "High-Yield Bond Diffusion in the United States, the United Kingdom, and the Euro Area," Journal of Financial Services Research, Springer;Western Finance Association, vol. 27(2), pages 163-181, April.
    2. Giovanni Dell’Ariccia & Deniz Igan & Luc Laeven, 2012. "Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 367-384, March.
    3. Nobuhiro Kiyotaki & Gauti Eggertsson & Andrea Ferrero & Marco Del Negro, 2010. "The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies," 2010 Meeting Papers 113, Society for Economic Dynamics.
    4. Ethan Cohen-Cole & Burcu Duygan-Bump & José Fillat & Judit Montoriol-Garriga, 2008. "Looking behind the aggregates: a reply to “Facts and Myths about the Financial Crisis of 2008”," Risk and Policy Analysis Unit Working Paper QAU08-5, Federal Reserve Bank of Boston.
    5. Skander J. van den Heuvel, 2002. "Does bank capital matter for monetary transmission?," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 259-265.
    6. Jiminez, G. & Ongena, S. & Saurina, J., 2007. "Hazardous Times for Monetary Policy : What do Twenty-three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk?," Discussion Paper 2007-75, Tilburg University, Center for Economic Research.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    bank lending channel; financial innovation; monetary policy;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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