The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …

, economies whose banking sectors remain well-capitalized experience smaller reductions in bank lending and less pronounced … downturns. Bank capital thus increases an economy's ability to absorb shocks and, in doing so, affects the conduct of monetary … policy. The model is also used to shed light on the ongoing debate over bank capital regulation. …

relationship between banks and their depositors. As a result, bank capital and entrepreneurial net worth jointly determine … friction that banks face is reduced or eliminated. After documenting that the bank capital-asset ratio is countercyclical in …

In the aftermath of the financial crisis, there is interest in reforming bank regulation such that capital requirements … are more closely linked to a bank's contribution to the overall risk of the financial system. In our paper we compare … capital levels and are not related in a simple way to bank size or individual bank default probability. Systemic capital …

PCSS in Canada and the oversight role of the Bank of Canada with respect to those systems. She also describes one approach …

This paper examines the role of bank credit in modeling and forecasting business cycle fluctuations, and investigates … country-specific error correction models. The paper constructs and compiles a dataset on bank credit for 33 advanced and …