The Euro Area Bank Lending Survey

94 Pages Posted: 28 Sep 2016

See all articles by Petra Köhler Ulbrich

Petra Köhler Ulbrich

European Central Bank (ECB)

Hannah Sabine Hempell

European Central Bank (ECB) - Directorate General Economics

Silvia Scopel

European Central Bank (ECB)

Date Written: September 19, 2016

Abstract

The euro area bank lending survey (BLS) serves as an important tool in the analysis of bank lending conditions in the euro area and across euro area countries, providing otherwise unobservable qualitative information on bank loan demand and supply from/to euro area enterprises and households. Since its introduction in 2003, the BLS has received growing attention and has become of key importance for the analysis and assessment of bank lending conditions in the euro area and at the national level. In particular in the context of the financial crisis, the BLS was used to gather additional information on the impact of the crisis and of the ECB’s monetary policy measures on banks’ funding situation and bank lending conditions. Following a description of the design and development of the BLS, this paper focuses on the analysis of bank lending supply and demand in the euro area and on their contributing factors. The results of the BLS are put into a wider economic perspective by relating them to other macroeconomic and financial variables. Analyses based on individual bank replies complement the picture further by providing more granular evidence on loan developments. In addition, an overview of the use of the euro area BLS as an analytical tool for investigating bank lending conditions in the euro area is presented.

Keywords: euro area, bank lending conditions, loan supply, loan demand, monetary policy, monetary policy transmission

JEL Classification: E44, E5, G21

Suggested Citation

Köhler Ulbrich, Petra and Hempell, Hannah Sabine and Scopel, Silvia, The Euro Area Bank Lending Survey (September 19, 2016). ECB Occasional Paper No. 179, Available at SSRN: https://ssrn.com/abstract=2843616

Petra Köhler Ulbrich (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Hannah Sabine Hempell

European Central Bank (ECB) - Directorate General Economics ( email )

Kaiserstrasse 29
D-60311 Frankfurt am Main
Germany

Silvia Scopel

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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