We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate …

likelihood of bank distress makes banks reduce their on-balance sheet interest rate exposure and simultaneously intensify their … swap use. Exogeneity tests indicate that both decisions are only endogenous to each other for banks that start using swaps … for the first time. For other banks, the maturity gap is endogenous to the decision to use swaps, but the reverse …

relationship lender. Relationship lending may spur financing provided by other banks, especially if the relationship lender is a … public sector bank and if the other banks are large or do not have to tie up additional funds in capital. …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

active banks. For the period from 2002 to 2010, we look at quarterly transaction data (excluding valuation effects) on long …, foreign countries' demand and risk characteristics become more relevant when loans are distributed by banks' affiliates … that rising risk aversion among banks curbed cross-border lending during the financial crisis, especially at a later stage …

recourse to the LOLR facility (a) to derive banks' willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks' willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports …