resort policy. In addition, we analyse the impact of equity requirements and narrow banking, in the sense that banks are …

in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while …

-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it … defaults. The measure is based on an explicit criterion, the aggregate debt repayments, and is bank’s specific, affected by the … bank’s characteristics and links to other banks. Such measure can be useful to a regulator to determine in which banks cash …

developed considering this new paradigm and discuss how institutional features relating to bank closure policy influences lender … in banking and the role of the lender of last resort to prevent it. …

, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …

and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the …” are then related directly to the magnitude of bank losses in the recent financial crisis. Our data confirms that … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …

We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique … to gauge the extent to which a bank is short or long liquidity. We find that the price a bank pays for liquidity depends … occur and short banks pay more the larger is the potential for a squeeze. The price paid for liquidity is decreasing in bank …