Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

The savings/investment process in capitalist economies is organized around bank-like financial intermediaries (“banks … borrowers in more detail, focusing on the pros and cons of dynamic bank–borrower relationships, the relationship between loan … role of “non-traditional” bank activities such as equity investment. We then turn to research on banking panics and the …

bank specific features, as well as bank regulatory factors, from both target and acquiring banks' perspectives, are … comprehensively analyze the interrelationship between bank regulation and cross-border bank mergers and acquisitions. The results … indicate that both bank characteristics and country specific characteristics are important determinants of banks' cross …

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 empirically analyze the impact of uninsured deposits on a bank’s cost of public debt. Uninsured depositors can exert … market discipline over a bank and potentially reduce its agency cost of debt through informed monitoring. We use a sample of … public bond issues by U.S. bank holding companies from 1994 to 2013 and find statistically strong evidence that banks with …

Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if … of crises. All financial crises are at root bank runs, because bank debt--of all forms--is vulnerable to sudden exit by … bank debt holders. The current crisis raises issues for crisis theory. And, empirically, studying crises is challenging …