Research

Tamar den Besten, Timo Haber, Stephen Kho, Sebastian Rast (2026). U.S. trade policy and euro area bank lending.

WP

Stephen Kho (2025). Deposit market concentration and monetary transmission: evidence from the euro area.

European Economic Review (April 2025) ECB WP (January 2024) DNB WP (August 2023) SUERF Policy Brief

Lorenzo Burlon, Alessandro Ferrari, Stephen Kho, Nikoleta Tushteva (2025). Why gradual and predictable? Bank lending during the sharpest quantitative tightening ever .

ECB WP (January 2025); R&R Review of Financial Studies SUERF Policy Brief