This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks … short-term rates and the slope of the yield curve (the "interest rate structure", for short), on the one hand, and bank … that, over time, unusually low interest rates and an unusually flat term structure erode bank profitability …

types of long-term debt securities. By investigating at the individual bank level, we are able to test explicitly a broad … country and bank-specific financial characteristics as explanatory variables. With respect to the country determinants, our … bond issuance, while for banks from the euro area periphery central bank liquidity substituted for unsecured long-term debt …

This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and … shareholders as seen in the movement of bank stock prices. Government interventions benefited creditors at the expense of … shareholders, with bank CDS spreads narrowing around the announcements in all cases. Despite a brief positive reaction, bank stock …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine … purchases are funded privately; (ii) smaller shares of the originating bank's assets are segregated; and (iii) asset segregation … problem associated with the creation of a bad bank …

-linearities arising in the vicinity of the lower bound. Moreover, balance sheet easing policies enhance bank level resilience overall …