Recent empirical evidence based on microdata panels indicates the importance of banks' balance sheets for the monetary … may be an important part of the monetary transmission mechanism, particularly when there are large, direct shocks to banks …

monetary policy tightens, nonbanks increase dollar credit supply to non‑US corporate borrowers, relative to banks. This … to banks) reduces the volatility in capital flows and economic activity associated with the global financial cycle …

management approach to calibrating individual banks' capital requirements that takes into account these factors and which … aggregate capital for the system and its distribution across banks that are consistent with a chosen objective for systemic …

This paper studies the relationship between domestic financial regulation and the incentive of non-banks to borrow from … banks abroad using BIS banking data in a gravity framework. Conditional on a large set of macroeconomic controls, we find … that under tighter domestic financial regulation non-banks borrow more abroad. Non-banks in a country on the upper quartile …

system as a whole above a critical threshold. We determine the contribution of banks to this systemic risk using a … the order in which banks fail in response to a shock depends on the composition of the banks' asset portfolios and capital … buffers. We show how these factors affect banks' contributions to systemic risk, and the extent to which these contributions …