Researchers examine Covid-19’s impact on eurozone lending


A working paper published by the European Central Bank examines the impact of Covid-19 on eurozone banks’ treatment of real estate collateral.

In Asset prices, collateral and bank lending: the case of Covid-19 and real estate, Aoife Horan, Barbara Jarmulska and Ellen Ryan use monthly data from the ECB’s AnaCredit registry. Their dataset shows eurozone bank loans to firms worth more than €25,000 ($27,000), from the beginning of 2019 to the end of 2021.

The paper examines the treatment of 4.9

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account