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 …

In the wake of the Asian financial crisis, many regimes in Asia adopted stricter provisioning requirements, as well as … throughout emerging Asia, most strikingly so in the case of India. Thus, loan loss provisioning did not simply become more …

in future states. When risks rise or risk management strengthens, a bank reallocates capital to the more efficient unit …

first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …

This paper investigates the impact of CDS trading on the development of the bond market in Asia. In general, CDS …

Corporate bond issuers in emerging economies in Asia have often had a choice between an onshore market and an offshore …

This paper provides a comparative assessment of the effectiveness of macroprudential policies in 12 Asia …

We document the triangular relationship formed by the strength of the US dollar, cross-border bank lending in dollars … contractions of cross-border bank lending in dollars. Differential sensitivity of CIP deviations to the strength of the dollar can … as proxy for the shadow price of bank leverage …

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 …