specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …

Critics claim that capital requirements can exacerbate credit cycles by restricting lending in an economic downturn …-cyclical capital buffers. Others claim that capital buffers are already large enough to absorb fluctuations in credit risk. We address …' potential adjustment strategies. We develop a dynamic model of bank lending behavior and simulate different regulatory …

macroeconomic indicators and factors summarizing information provided in the Federal Reserve's Survey of Terms of Business Lending …. These data allow modeling the reactions of banks' new lending volumes and prices as well as the riskiness of new loans. We …

portfolio credit risk within the structural framework. To allow for a stronger dependence within sub-portfolios than between … credit risk assessment than a comparable Gaussian model. I illustrate the extent of model risk when calculating VaR or … Expected Shortfall for a credit portfolio. …