and Saun- ders (1981), interest margins are modelled as a function of the pure spread and bank-speci¯c institutional …' ine±ciency and to a lesser extent by credit risk exposure and market power. This implies that public policies should be …

The financial crisis of the late 2000's highlighted the importance of strengthening risk management systems in … financial markets. Consequently, an increasing interest in strategies to quantify risk under extreme scenarios has spawned. One … market crash, our findings indicate that financial institutions seem relatively more exposed to market risk under this …

-run adjustments in bank capital buffers and the business cycle. We follow a partial adjustment framework and control for several … variables that have been identified as important determinants of bank capital buffers in previous studies, and find that bank …

optimal level of monitoring, expected return is always higher when the bank decides to focus. Additionally, the empirical … results suggest that there are no possible gains form diversification in bank’s cost and that, on average, the effects of … focusing the loan portfolio reduces bank’s return while showing positive effects of focusing on an specific sector. …