The Bank Lending Survey for the Euro Area

By Jesper Berg, Annalisa Ferrando, G. D. Bondt, Silvia Scopel. Social Science Research Network, 2005

131 citations recorded by the source corpus.

This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non-interest rate credit conditions and terms, the risk perception of banks and the willingness of banks to lend. Credit standards are the internal guidelines or criteria of a bank which reflect the bank’s loan policy. The terms and conditions of a loan refer to the specific obligations agreed upon by the lender and the borrower. This occasional paper also considers similar surveys conducted by the Federal Reserve System in the US and by the Bank of Japan.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/a18ee7e0494fbd7fa755912d0717f734346953ed

How researchers see this paper

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In Finance

1. P. Giovane
2. Ginette Eramo
3. H. Hempell
4. Andrea Nobili
5. Christoffer Kok
6. Gert D. Wehinger
7. S. Mocetti

Citations in the corpus

• Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2010, unknown): “For the Euro area survey, Berg et al. (2005) describe in detail the setup. For the aggregate data, see http://www.ecb.europa.eu/stats/money/surveys/lend/html/index.en.html. The response rate is 100%. There are eight central banks partially reporting the answers of their sample (Austria, Belgium, Fra”
• Disentangling Demand and Supply in Credit Developments: A Survey-Based Analysis for Italy (2011, background): “A detailed description of the survey can be found in Berg et al. (2005).”
• The Impact of Supply Constraints on Bank Lending in the Euro Area - Crisis Induced Crunching? (2010, methodology): “10 US-based studies using the Senior Loan Officer Opinion Survey in explaining loan developments and GDP are Berger and Udell (2004), Lown and Morgan (2006), Bayoumi and Melander (2008) and Swiston (2008).”