The global financial crisis has highlighted the limitations of risk-sensitive bank capital ratios. To tackle this … steady state value of the regulatory minima for the two ratios strongly depends on the riskiness and the composition of bank …

first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling … $521 billion. Four main findings emerge: 1) The propensity to issue a CoCo is higher for larger and better …-capitalized banks; 2) CoCo issues result in statistically significant declines in issuers' CDS spreads, indicating that they generate …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …

This study examines bank risk by investigating the equity and loan portfolio characteristics of publicly-traded bank …

) focus and diversification using a unique data set that is able to identify individual bank loan exposures to different … deterioration in bank monitoring quality at high levels of risk and a deterioration in bank monitoring quality upon lending … bank return while endogenously producing riskier loans for all banks in our sample (this effect being most powerful for …

This paper assesses whether compensation practices for bank Chief Executive Officers (CEOs) changed after the Financial …

This paper investigates the bank lending-channel of monetary policy (MP) surprises. To identify the effects of MP … this high-frequency identification strategy to comprehensive and matched bank-firm data from Brazil. The results are robust … across financial intermediaries, e.g. bank capital, are relevant. Firms connected to stronger banks mitigate about one third …