The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro …-prudential regulation lacks a clear methodology to identify these banks. Combining arguments from banking and auction theory, we show that …

Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs … particularly rich and well developed credit market for SMEs in Germany. We estimate asset correlations as the key measure of …

lending behavior and risk sensitivity of a risk-neutral bank. CDS contracts may be used to hedge a bank's credit risk exposure … credit risk. Under the substitution approach in Basel II (and III) a risk-neutral bank will over-, fully or under-hedge its … interaction between capital adequacy regulation and credit risk transfer with credit default swaps (CDS) including its effect on …

affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … heterogeneity in the balance sheet characteristics that affect banks' responses to liquidity risk. Overall, bank balance sheet …

comprehensive bank-firm level CDS trading data from the Depository Trust and Clearing Corporation with the German credit register … containing bilateral bank-firm credit exposures. We find that following the Small Bang in the European CDS market, extant credit …Does hedging motivate CDS trading and does that affect the availability of credit? To answer these questions we couple …

debate on the sound design of credit risk provisioning schemes, which is reflected in the scheduled implementation of an …

charged already higher interest rates to their borrowers after controlling for other bank specific characteristics and general … with theory that relationship lenders have private information about the creditworthiness of their close borrowers …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability …