hedge to fund drawn credit lines and other commitments. We shed new light on this issue by studying the behavior of bank …

particular, we show that the stock market applies far greater discounts to a bank’s real estate loans and mortgage … suggests that bank balance sheets overvalue real estate related assets during economic slowdowns. Estimated discounts are … impairment. We also find that bank share prices, especially for banks with large exposures to mortgage-backed securities, react …

This paper examines the implications of bank activity and short-term funding strategies for bank risk and return using …, however, attract most of their short-term funding in the form of non-deposits at a cost of enhanced bank fragility. Overall …

real activity. Bank state aid multipliers are in the same range as conventional fiscal spending multipliers. Support for …

estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks … bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results suggest that …

This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods …. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital …

A regulator resolving a bank faces two audiences: depositors, who may run if they believe the regulator will not …

Banks have been heavily involved in securitization. We study whether the involvedness of a firm’s main bank into … and during the 2007-8 financial crisis. Both types of securitization allow the bank to generate liquidity. To the extent … rationing, we find that a longer relationship with a firm’s main bank considerable improve credit supply. In general, we find …