locations of large-bank branches have demographics typically associated with greater financial sophistication, large-bank …

What is the impact of foreign bank entry on the pricing and availability of credit in developing economies? The Mexican … 2007. We construct and analyze a panel of Mexican bank financial data covering this period and find no evidence that …

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage … emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset … and fragility. Deposit insurance and the expectation of government bailouts increase not only bank risk taking, but also …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who …

next boom starts. We interpret these findings within the theory of “social bubbles” and argue as a consequence that …

will be overstated, and the bias can be large (about 25 percent). Second, we argue that, according to finance theory, the …

measurement for financial firms, such as: (1) What are the correct "reference rates" to use in calculating bank output? In …