What kinds of credit substitution, if any, occur when changes to banks' minimum capital requirements induce banks to … change their supply of credit? The question is central to the new ‘macroprudential' policy regimes that have been constructed … control the supply of bank credit. Regulatory efforts to influence the aggregate supply of credit may be thwarted to some …

The credit risk that an individual bank poses to the rest of the financial system depends on its size, the type of … correspond to a policymaker's chosen target for systemic credit risk. The optimization strategy identifies the minimum level of … credit risk. This parameterizes a trade-off between efficiency and stability …

counterparty credit risk. Importantly, we also introduce a mechanism for capturing how swings in ‘confidence' in the system may …

derivatives trade depositary. We use the network of credit default swap CDS) transactions between banks to identify bank CDS …

Using regulatory data on credit unions, this paper provides empirical evidence on the determinants of credit union …, earnings performance and liquidity is useful for early identification of troubled credit unions. In and out-of-sample results … early warning criteria for supervisory use in monitoring credit unions …