adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a … novel dataset that provides information on hardware used in US commercial bank branches after mapping them to their parent … bank. We find that higher intensity of IT-adoption led to significantly lower non-performing loans when the crisis hit …

In this paper we model the volatility of the spread between the overnight interest rate and the central bank policy … is the main determinant of the volatility of the policy spread, but also that private bank credit risk has become more …

We adapt structural models of default risk to take into account the special nature of bank assets. The usual assumption … of log-normally distributed asset values is not appropriate for banks. Typical bank assets are risky debt claims, which … consequences for banks' risk dynamics and distance to default estimation. Due to the payoff non-linearity, bank asset volatility …