Angela Maddaloni

TL;DR: The authors found that low monetary policy short-term interest rates soften standards, especially for mortgages, for household and corporate loans, and that this softening is amplified by securitization activity, weak supervision for bank capital and too low for too long monetary policy rates.

TL;DR: The authors found that low monetary policy short-term interest rates soften standards for household and corporate loans, especially for mortgages, and that this softening is amplified by securitization activity, weak supervision for bank capital, and low monetary policies for an extended period.

TL;DR: In this article, the authors provide an overview of the current structure and integration of the euro area financial systems and related policy initiatives and discuss recent policy initiatives aimed at further improving European financial integration.

TL;DR: This paper found that the credit channel amplifies a monetary policy shock on GDP and prices, through the balance-sheets of households, firms and banks, and that for corporate loans, amplification is highest through the bank lending and the borrower's balance sheet channel; for households, demand is the strongest channel.

TL;DR: Cicicarelli et al. as mentioned in this paper analyzed how financial fragility has affected the transmission mechanism of the single eurozone monetary policy and showed that the monetary transmission mechanism is time-varying and influenced by the financial fragilities of the sovereigns, banks, firms and households.