Bank-lending Channel, Monetary Policy, and Bank-level Heterogeneity: Contrasting Evidence from the Euro Area and Scandinavia
This paper investigates how bank-specific attributes influence the bank-lending channel across monetary policy cycles for commercial banks from the euro area and three Scandinavian countries (Denmark, Norway, Sweden) over the period 2004–2020, covering more than 3,200 institutions. Using fixed effects panel regressions...