efficiency of the financial system, measured by the level of monitoring costs, affects the extent of risk sharing within an … projects is concentrated in few individuals and firm shocks are idiosyncratic, the risk premium is likely to rise with the … amount of funds firms demand. As a consequence, keeping constant the level of opacity and risk, firms with better growth …

setup in the United States underscore the importance of enhancing systemic risk oversight and building effective …

.S. banking landscape, banking system assets represent only about 22 percent of total financial system assets. The systemic risk …