reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to … resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel. …

signal on bank project quality, short-term wholesale financiers have lower incentives to conduct costly monitoring, and …

from the canonical bank-runs: it may lead to runs of intermediaries on each other through firesales in the money market. I …

regimes. Our results suggest that although IFRS 9 is less procyclical than the previous regulation (IAS 39), it is more …

greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …

-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …