differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …

uncertainty. This proposition is tested using a panel of Ukrainian banks collected from NBU and covering the period 2003q1-2005q3 …. The results indicate that banks increase their lending ratios when macroeconomic uncertainty decreases. We demonstrate … that our results are robust with respect to the measurement of macroeconomic uncertainty. The reaction of banks to changes …

significant differences between the investors which are linked to banks and those financiers which are not. Although, the …

adopted banking reforms allowing entry of foreign banks and more domestic participation in the syndicated loan market. As a …

. I use a two-country general equilibrium model with heterogeneous banks that are hit by idiosyncratic shocks. According … to the concept of granularity, idiosyncratic shocks to large firms (or: banks) do not have to cancel out under a skewed … shocks to large banks. Hence, to grasp the impact of financial liberalization on aggregate fluctuations, the presence of …

Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity … (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups … demonstrate granular effects in the banking sector on macroeconomic outcomes. The presence of big banks measured by high market …