regulation, recovery and resolution, and risk culture. …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

-cyclical capital buffers. Others claim that capital buffers are already large enough to absorb fluctuations in credit risk. We address …

There is growing consensus that the conduct of monetary policy can have an impact on stability through the risk … activities. This paper provides evidence on the link between monetary policy, commercial property prices, and bank risk taking … do not find evidence for increased risk taking for the entire banking system after a monetary policy loosening or an …

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary … shocks. Risk of about 1/3 of all banks rises in response to a monetary loosening. The lending response of small, illiquid …

generate systemic risk. What does that tendency imply for the stability of the payments [or financial] system when the two … increasing systemic risk? Or do banks require their counterparties to send payments through gross settlement system when default … risks are high, increasing the need for liquidity and the money market rate but reducing overall systemic risk? This paper …