only applies to large players. Sectoral concentration, bank health and the share of foreign ownership yield more mixed …

. The MP links significantly amplified the impact of these shocks on the rest of the world, which had a much greater impact …

quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship …, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents …

, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset …

We propose a dynamic bank theory with a delayed loss recognition mechanism and a regulatory capital constraint at its … core. The estimated model matches four facts about banks’ Tobin’s Q that summarize bank leverage dynamics. (1) Book and … market equity values diverge, especially during crises; (2) Tobin’s Q predicts future bank profitability; (3) neither book …