{"id":"https://openalex.org/W2997062956","doi":"https://doi.org/10.2139/ssrn.3676508","title":"Does Quantitative Easing Boost Bank Lending to the Real Economy or Cause Other Bank Asset Reallocation? The Case of the UK","display_name":"Does Quantitative Easing Boost Bank Lending to the Real Economy or Cause Other Bank Asset Reallocation? The Case of the UK","publication_year":2020,"publication_date":"2020-01-01","ids":{"openalex":"https://openalex.org/W2997062956","doi":"https://doi.org/10.2139/ssrn.3676508","mag":"2997062956"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.3676508","doi":"https://doi.org/10.2139/ssrn.3676508","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3676508","pdf_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3676508","source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3676508","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5043271682","display_name":"Simone Giansante","orcid":"https://orcid.org/0000-0002-8770-403X","observed_orcids":["https://orcid.org/0000-0002-8770-403X"]},"institutions":[{"id":"https://openalex.org/I51601045","display_name":"University of Bath","ror":"https://ror.org/002h8g185","country_code":"GB","type":"education","lineage":["https://openalex.org/I51601045"]},{"id":"https://openalex.org/I900890020","display_name":"University of Palermo","ror":"https://ror.org/044k9ta02","country_code":"IT","type":"education","lineage":["https://openalex.org/I900890020"]}],"countries":["GB","IT"],"is_corresponding":false,"raw_author_name":"Simone Giansante","raw_affiliation_strings":["- Department of Economics, Business and Statistics, Viale delle Scienze, Palermo, 90100, Italy","University of Bath - School of Management, Claverton Down, Bath, BA2 7AY, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"- Department of Economics, Business and Statistics, Viale delle Scienze, Palermo, 90100, Italy","institution_ids":["https://openalex.org/I900890020"]},{"raw_affiliation_string":"University of Bath - School of Management, Claverton Down, Bath, BA2 7AY, United Kingdom","institution_ids":["https://openalex.org/I51601045"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012795115","display_name":"Mahmoud Fatouh","orcid":"https://orcid.org/0000-0002-3114-3851","observed_orcids":["https://orcid.org/0000-0002-3114-3851"]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]},{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Mahmoud Fatouh","raw_affiliation_strings":["Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","institution_ids":["https://openalex.org/I46860202"]},{"raw_affiliation_string":"University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, United Kingdom","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5088788655","display_name":"Steven R. G. Ongena","orcid":"https://orcid.org/0000-0002-8381-0062","observed_orcids":["https://orcid.org/0000-0002-8381-0062"]},"institutions":[{"id":"https://openalex.org/I202697423","display_name":"University of Zurich","ror":"https://ror.org/02crff812","country_code":"CH","type":"education","lineage":["https://openalex.org/I202697423"]},{"id":"https://openalex.org/I204778367","display_name":"Norwegian University of Science and Technology","ror":"https://ror.org/05xg72x27","country_code":"NO","type":"education","lineage":["https://openalex.org/I204778367"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I54157616","display_name":"Swiss Finance Institute","ror":"https://ror.org/02cgn2a44","country_code":"CH","type":"education","lineage":["https://openalex.org/I54157616"]},{"id":"https://openalex.org/I99464096","display_name":"KU Leuven","ror":"https://ror.org/05f950310","country_code":"BE","type":"education","lineage":["https://openalex.org/I99464096"]}],"countries":["BE","CH","GB","NO"],"is_corresponding":false,"raw_author_name":"Steven R. G. Ongena","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR)","KU Leuven","NTNU Business School","Swiss Finance Institute","University of Zurich - Department Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"KU Leuven","institution_ids":["https://openalex.org/I99464096"]},{"raw_affiliation_string":"NTNU Business School","institution_ids":["https://openalex.org/I204778367"]},{"raw_affiliation_string":"Swiss Finance Institute","institution_ids":["https://openalex.org/I54157616"]},{"raw_affiliation_string":"University of Zurich - Department Finance","institution_ids":["https://openalex.org/I202697423"]}]}],"institutions":[],"countries_distinct_count":5,"institutions_distinct_count":9,"corresponding_author_ids":["https://openalex.org/A5012795115"],"corresponding_institution_ids":["https://openalex.org/I110002522","https://openalex.org/I46860202"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8281000256538391,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8281000256538391,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.16050000488758087,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.003000000026077032,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/quantitative-easing","display_name":"quantitative easing","score":0.9990000128746033},{"id":"https://openalex.org/keywords/asset-purchase-programme","display_name":"asset purchase programme","score":0.8190000057220459},{"id":"https://openalex.org/keywords/bank-of-england","display_name":"Bank of England","score":0.8859999775886536},{"id":"https://openalex.org/keywords/bank-lending-channel","display_name":"bank lending channel","score":0.7450000047683716},{"id":"https://openalex.org/keywords/retail-lending","display_name":"retail lending","score":0.7490000128746033},{"id":"https://openalex.org/keywords/risk-weighted-assets","display_name":"risk-weighted assets","score":0.6809999942779541},{"id":"https://openalex.org/keywords/government-bonds","display_name":"government bonds","score":0.796999990940094},{"id":"https://openalex.org/keywords/carry-trade","display_name":"carry trade","score":0.8059999942779541},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.7509999871253967},{"id":"https://openalex.org/keywords/unconventional-monetary-policy","display_name":"unconventional monetary policy","score":0.7990000247955322},{"id":"https://openalex.org/keywords/uk-banking","display_name":"UK banks","score":0.47099998593330383}],"concepts":[{"id":"https://openalex.org/C29185160","wikidata":"https://www.wikidata.org/wiki/Q874727","display_name":"Quantitative easing","level":4,"score":0.8484195470809937},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.6977358460426331},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5628218650817871},{"id":"https://openalex.org/C2991917167","wikidata":"https://www.wikidata.org/wiki/Q1598018","display_name":"Real economy","level":2,"score":0.5476440787315369},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5361362099647522},{"id":"https://openalex.org/C3963096","wikidata":"https://www.wikidata.org/wiki/Q7079583","display_name":"Official cash rate","level":5,"score":0.5047601461410522},{"id":"https://openalex.org/C38070178","wikidata":"https://www.wikidata.org/wiki/Q1164340","display_name":"Bank rate","level":4,"score":0.4882965087890625},{"id":"https://openalex.org/C84505015","wikidata":"https://www.wikidata.org/wiki/Q209380","display_name":"Chinese financial system","level":3,"score":0.45650774240493774},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42654553055763245},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4065549969673157},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.3252151608467102},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.253265380859375},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.3676508","doi":"https://doi.org/10.2139/ssrn.3676508","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3676508","pdf_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3676508","source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.3676508","doi":"https://doi.org/10.2139/ssrn.3676508","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3676508","pdf_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3676508","source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2997062956.pdf","grobid_xml":"https://content.openalex.org/works/W2997062956.grobid-xml"},"referenced_works_count":22,"referenced_works":["https://openalex.org/W167165339","https://openalex.org/W1497983067","https://openalex.org/W1505917248","https://openalex.org/W1536037028","https://openalex.org/W1538452919","https://openalex.org/W1965932263","https://openalex.org/W1982809111","https://openalex.org/W2057009456","https://openalex.org/W2087283117","https://openalex.org/W2134443358","https://openalex.org/W2167639294","https://openalex.org/W2171671946","https://openalex.org/W2559556265","https://openalex.org/W2785315371","https://openalex.org/W2892203339","https://openalex.org/W3121606618","https://openalex.org/W3122124451","https://openalex.org/W3124301143","https://openalex.org/W3125344117","https://openalex.org/W3125727738","https://openalex.org/W4200558553","https://openalex.org/W4300977304"],"related_works":["https://openalex.org/W4297989285","https://openalex.org/W167165339","https://openalex.org/W7098803068","https://openalex.org/W3124194039","https://openalex.org/W2785315371","https://openalex.org/W3122381582","https://openalex.org/W2400074108","https://openalex.org/W4388488150","https://openalex.org/W7052044677","https://openalex.org/W2729480942"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2020-01-10T00:00:00"}
