Bank regulators interfere with the efficient allocation of resources for the sake of financial stability. Based on this … across heterogeneous banks. In the model, banks‘ productivity determines their optimal strategy in oligopolistic markets …. Higher productivity gives banks higher profit margins that lower their default risk. Hence, capital requirements indirectly …

component and a central bank information shock component. We identify both components using changes in interest rate futures and …

This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy … the bank‘s lending business and which specific technology is adopted. We find that lending-related technology adoption … transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to …

We study how deposit competition affects a bank’s decision to securitize mortgages. Exploiting the state … probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and … corresponding reductions in banks' deposit holdings. Our results are strongest among banks that rely more on deposit funding. These …