Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …

, thus lowering pricing effectiveness. The main finding is that larger banking groups were more affected by the sudden …

public financing to firms via the banking system. The effect of public incentives depends on the availability of financial …

This paper presents an integrated theory of money and banking. I address the following question: when both individuals …

This paper analyzes credit risk transfer in banking. Specifically, we model loan sales and loan insurance (e.g. credit … presence of moral hazard and relationship banking costs of loan sales. Finally, we show that a poorly capitalized bank may be …

analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …