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

activities. This paper provides evidence on the link between monetary policy, commercial property prices, and bank risk taking …There is growing consensus that the conduct of monetary policy can have an impact on stability through the risk … do not find evidence for increased risk taking for the entire banking system after a monetary policy loosening or an …

at recapitalizing banks and through liquidity support. We use a detailed, banklevel dataset for German banks to analyze … these policy interventions, but they have not expanded relative to banks not receiving support. Banks claiming liquidity …

' international activities. We find that country- and bank-specific variables capturing size have a major impact on banks' foreign …