structure of the debit card payment processing industry and caps debit card interchange fees for banks with over $10 billion in … increases in customer account fees. Some participants also predicted that banks would cut costs in response to the law by … fee income fell for treated banks, leading to a fall in noninterest income. We also find that banks only partially offset …

We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket …, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that "community banks … Survey of Small Business Finance (SSBF), we conduct two sets of tests. First, we test for the type of bank serving as the …

We examine the business model of traditional commercial banks in the context of their co-existence with shadow banks … banks create safe claims with a combination of costly equity capital and fixed income assets that allows their depositors to … remain "sleepy": they do not have to pay attention to transient fluctuations in the mark-to-market value of bank assets. In …

recapitalizing or by deleveraging. By deleveraging, banks transform the initial shock into a credit crunch, and, to the extent that … some firms depend on bank credit, amplify and propagate the shock to the real economy. I find that redistribution and other …Using Bayesian methods, I estimate a DSGE model where a recession is initiated by losses suffered by banks and …