the determinants of credit default swap (CDS) spreads for a sample of European banks over a period from January 2006 to …

savings. To address this puzzle, we build an equilibrium model in which a monopolistic bank offers flexible and commitment … savings accounts to both rational and time-inconsistent agents. Two factors concur to explain why the bank may find it optimal … to pay a commitment premium even though time-inconsistent savers do not necessarily demand one. First, the bank needs …

Cash holdings have often been presumed to help resolve the inherent uncertainty of assessing banks. Nonetheless, extant … associated with the cash holdings reported by European banks before, during, and after the financial crisis of 2007-2009. The … to meet depositor demands. It concludes that investors monitor bank cash holdings in relation to short-term liabilities …

Banks cut dividends with great reluctance, as if addicted to them. Their apparent addiction is a major cause of concern … for regulators because it could endanger the whole banking system. However, banks may be rational in maintaining elevated … dividends if agency costs are high and dividends substitute for shareholder monitoring. Banks may rely on persistent dividend …

illiquid and liquid savings accounts—is higher in commercial banks than in microfinance institutions. One possible …

period, the MFI does not co-finance projects with mainstream banks and loan size is gender-insensitive. In the second period …, the MFI does co-finance above-ceiling projects with mainstream banks, and we observe a gender gap in loan size. The … results suggest that co-financing leads the originally gender-neutral MFI to import disparate treatment from mainstream banks. …

The evidence on gender discrimination in lending remains controversial. To capture gender biases in banks’ loan … the ceiling is associated both with bank-MFI co-financing and with harsher treatment of female borrowers. To investigate … endogeneity. Our empirical findings suggest that the change in the MFI’s gender-related attitude was triggered by banks through co …