aggregate and bank-level data. The main findings show that the amplitude of the real business cycle was becoming smaller during …

Central Bank (BDCB) and the structure of the financial sector of Brunei Darussalam are presented. Lastly, the paper discusses …

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks' responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

banks are admired by those whoadvocate bank deregulation in the United States. Others admire the universalbanks for their …

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

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

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 …

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 …