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RePEcRisk, Credit & Banking

What is the Impact of a Major Unconventional Monetary Policy Intervention?

The ECB's "whatever it takes" announcement reversed euro area banks' risk appetite, reducing loan growth and credit risk, showing capitalization can curb lending during crises.

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Featured in No. 134 on 9 Oct 2026 · 4 days after release

Coefficient trend showing reversal in euro bank risk-taking post-announcement
FIGURE 6. Trend reversal. Note: This figure plots the coefficients (δt) of the Equation 3, in %. δt represent the interactions between the treated group (i.e. euro banks) and the time variable (monthly). The dotted grey lines represent the 95 % confidence intervals around these coefficients. It sho…
Released
5 Oct 2026
First featured
No. 134 · 9 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
3 of 5
Identifier
RePEc:bdm:wpaper:2026-01
Authors
Carlo Alcaraz et al.

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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