This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt … conditions implementation on sufficient bank participation. Preferred stock plus warrants reduces opportunistic participation by … aggregate credit risk exceed the cost of implicit transfers to bank debt holders …

Bank branch density, defined as the number of bank branches to total deposits, has significantly declined over the past … prices of banks with low branch density plummeted during the 2023 Banking Crisis as these banks experienced larger outflows … of uninsured deposits. Our results suggest that digital banking enabled banks to grow faster and attract uninsured …

exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity … triggered by the collapse of Silicon Valley Bank. ROE predicts systematic tail risk much better than conventional measures based …

In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of … substitutes, performing substantially similar activities, with banks inside and NBFIs outside the perimeter of banking regulation …. We argue instead that NBFI and bank businesses and risks are so interwoven that they are better described as having …

Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

This paper documents and explains the near-permanent banking stress African countries have experienced during the last … 20 years. The central hypothesis is that banking stress comes predominantly from unbooked losses and that the level of … unbooked losses a banking system can accumulate depends on its information environment and on the effectiveness of government …

panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of …