Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms …. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent … assertions about the considerable power of German banks and the advantages of a bank relation, empirical support is mixed. With a …

about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making … interest rates per se. This paper uses a large micro level data set of the German bank universe to examine how banks behave in … this uncharted territory. The evidence found suggests that bank's business model, i.e. the share of overnight deposits …

This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information … about bank asset risk. The regulator can either (1) make bank capital requirements contingent on credit ratings; or (2) set … constrain high risk bank investment without simultaneously reducing overall investment volume. However, if collusion between the …