Post-crisis Excess Liquidity and Bank Lending

Macchiarelli, C

Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/21412

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DC Field	Value	Language
dc.contributor.author	Macchiarelli, C	-
dc.date.accessioned	2020-08-11T14:42:54Z	-
dc.date.available	2020-08-11T14:42:54Z	-
dc.date.issued	2018-09-24	-
dc.identifier.citation	In: Abundant liquidity and banks’ lending activity: an assessment of the risks. Monetary dialogue September 2018 : in-depth analysis	en_US
dc.identifier.govdoc	PE 626.066	-
dc.identifier.isbn	978-92-846-3833-8	-
dc.identifier.isbn	978-92-846-3832-1	-
dc.identifier.uri	https://www.europarl.europa.eu/cmsdata/153221/LSE_FINAL.pdf	-
dc.identifier.uri	https://op.europa.eu/en/publication-detail/-/publication/76274ecf-c84b-11e8-9424-01aa75ed71a1/language-en/format-PDF/source-143686676	-
dc.identifier.uri	http://bura.brunel.ac.uk/handle/2438/21412	-
dc.description	This document was requested by the European Parliament's Committee on Economic and Monetary Affairs.	en_US
dc.description.abstract	With the Asset Purchase Program, the European Central Bank has supplied significant amounts of liquidity into the financial system starting from 2015, resulting yet into a new upswing in excess liquidity. The expanded asset purchase programme (APP) program broadly coincided with further cuts in the ECB’s deposit facility rate, which currently stands at -0.4%. Against this background, this note assesses the ECB policy of negative rate on the deposit facility and discusses the associated risks in the context of an excess liquidity overhang for the euro area, including risk-appetite for banks.	en_US
dc.description.sponsorship	European Parliament. Committee on Economic and Monetary Affairs.	en_US
dc.language.iso	en	en_US
dc.publisher	European Union	en_US
dc.relation.ispartofseries	European Union. Directorate-General for Internal Policies. Policy Department for Economic, Scientific and Quality of Life Policies;PE 626.066	-
dc.subject	banking	en_US
dc.subject	banking policy	en_US
dc.subject	credit policy	en_US
dc.subject	euro area	en_US
dc.subject	European Central Bank	en_US
dc.subject	loan	en_US
dc.subject	monetary policy	en_US
dc.subject	money-market liquidity	en_US
dc.title	Post-crisis Excess Liquidity and Bank Lending	en_US
dc.type	Working Paper	en_US
dc.relation.isPartOf	Abundant liquidity and banks’ lending activity: an assessment of the risks	-
pubs.commissioning-body	European Parliament - Monetary Policy Dialogue	-
pubs.commissioning-body	European Parliament - Monetary Policy Dialogue	-
pubs.confidential	false	-
pubs.confidential	false	-
pubs.publication-status	Published	-
Appears in Collections:	Dept of Economics and Finance Research Papers

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