Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank …

Under the New Basel Accord bank capital adequacy rules (Pillar 1) are substantially revised but the introduction of two …

We study a modification of the Diamond and Dybvig (1983) model in which the bank may hold a liquid asset, some … depositors see sunspots that could lead them to run, and all depositors have incomplete information about the bank's ability to … survive a run. The incomplete information means that the bank is not automatically incentivized to always hold enough liquid …

bank risk taking, commercial bank failure, interest rates on loans, and market structure. We propose a market structure … addition to aggregate shocks to the fraction of performing loans in their portfolio. A nontrivial bank size distribution arises … consistent with untargeted business cycle properties, the bank lending channel, and empirical studies of the role of …

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in … increase in bank failure rates over time …

typical bank loan maturities; (ii) incorporate bank-lending responses to climate risks; (iii) assess the adequacy of climate …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

, including any effects on the cost of capital and in turn the rates available to borrowers. Standard theory predicts that, in …