This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it … defaults. The measure is based on an explicit criterion, the aggregate debt repayments, and is bank’s specific, affected by the … bank’s characteristics and links to other banks. Such measure can be useful to a regulator to determine in which banks cash …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a … bank manager monitoring the bank's loan portfolio. The manager must be incentivized to warn the board before a crisis …

bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes …