欧洲央行-证券损失与货币传导的银行担保渠道(英)-2026
聚焦欧洲央行-证券损失与货币传导的银行担保渠道(英)-2026。channel, we show that banks incurring larger securities losses obtain significantly less credit in the interbank market and contract the supply of credit. A one-standard-deviation increase in losses is associated with a 3.76% decline in interbank credit and a 2.5% decline in corporate lending.