recognizing greater risks and losses, can lead to solvency problems that look like liquidity (bank-run) crises. Regulatory …

Bank balance sheet lending is commonly viewed as the predominant form of lending. We document and study two margins of … document the limits of the shadow bank substitution margin: shadow banks substitute for traditional--deposit-taking--banks in … quantitative consequences of several policies on lending volume and pricing, bank stability, and the distribution of consumer …

hedge to fund drawn credit lines and other commitments. We shed new light on this issue by studying the behavior of bank …

Existing macroeconomic models focused on bank balance sheet lending are deficient because they do not account for the … investigate two increasingly significant margins of adjustment in credit markets: banks' ability to sell loans and shadow bank … following bank capital shock. Recovery is also faster, because profitable loan sales (e.g., securitization) allow banks to build …

evidence to date points in the opposite direction, that is, towards overvaluation of bank assets …

This paper uses disaggregated data on bank balance sheets to provide a test of the lending view of monetary policy …