ECB - Working paper series

Central bank asset purchases and auction cycles revisited: new evidence from the euro area

about 22 hours ago

This study provides new evidence on the relationship between unconventional monetary policy...

Monetary asmmetries without (and with) price stickiness

about 22 hours ago

The evidence suggests that monetary policy transmission is asymmetric over the business...

Transactional demand for central bank digital currency

4 days ago

We shed light on the demand for a central bank digital currency...

A new measure of firm-level competition: an application to euro area banks

8 days ago

This paper extends Boone (2008) by introducing a competition measure at the...

Is home bias biased? New evidence from the investment fund sector

8 days ago

Investment funds hold a disproportionately larger fraction of domestic relative to foreign...

As interest rates surge: flighty deposits and lending

17 days ago

How a historic drop in bank deposits shapes banks’ loan supply? We...

Consumer participation in the credit market during the COVID-19 pandemic and beyond

24 days ago

Business as usual: bank climate commitments, lending, and engagement

29 days ago

The impact of regulatory changes on rating behaviour

30 days ago

We examine rating behaviour after the introduction of new regulations regarding Credit...

US monetary policy is more powerful in low economic growth regimes

30 days ago

We use nonlinear empirical methods to uncover non-linearities in the propagation of...

Determinants of currency choice in cross-border bank loans

about 1 month ago

This paper provides insights into the determinants of currency choice in cross-border...

Spare tyres with a hole: investment funds under stress and credit to firms

about 1 month ago

We study the impact of a liquidity shock affecting investment funds on...