conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and … credit spreads to monetary policy shocks …

implies that firms do not perfectly hedge against exchange rate risk and that this risk translates into credit risk for banks …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

ratio) and size (TBA) of the industry are linked to lower sovereign risk in general. Foreign bank penetration and …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank … margins, but credit and interest rate risk increase. Portfolio rebalancing implies relatively more lending, also compared to …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank …

This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system … (TVAR) model is estimated to take into account possible nonlinearities in the relationship between bank lending and monetary … policy under different economic conditions. The results indicate that Islamic credit is less responsive than conventional …

credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and … acquiring external know-how. We find no evidence that bank credit also stimulates firm innovation through in-house R&D. This …We exploit historical and contemporaneous variation in local credit markets across Russia to identify the impact of …

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our …