From Stress to Strategy: How Banks Balance the Scales

The Effects of Inflation on Banks’ Balance Sheets: Evidence from Emerging Markets

It Takes Two to Tango. Capital Constraints and Bank Lending in Poland

The implementation of post-crisis (Basel III) capital requirements in 2015, followed by the introduction of the banking tax in 2016, marked a turning point for the loan-to-GDP ratio in Poland. Since Q4 2015, this ratio has declined by almost one-third, while the ratio of banks’ assets to GDP has remained relatively sta...

Research Technical Paper When the Spare Tyre Goes Flat: Monetary Policy Transmission through Non-Banks

Corporate Sector Stress Testing with Endogenous Balance Sheet Dynamics

This paper presents a stress test framework for nonfinancial corporate (NFC) balance sheets. The model simulates firm income statements and balance sheets conditional on macro-financial scenarios, to obtain conventional risk metrics such as probabilities of default (PDs) and loss given default (LGD), alongside other st...

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Does Banking Inclusion Induce Credit Risk? Evidence of Reverse Causality in Developing Countries

This paper investigates the dynamic interrelationship between banking inclusion and credit risk across 28 developing countries from 2004 to 2020. A robust empirical approach is employed, combining a panel vector autoregressive model with the generalized method of moments. Within this framework, impulse response functio...