loan portfolio. Using three different measures of forward-looking provisioning, we find typical German banks, most of them …

We present a model in which banks and other financial intermediaries face both occasionally binding borrowing …

significant declines and substantial dispersion in European repo rates. However, banks holding these safe assets benefited from … German credit register to show that asset scarcity had real effects: Banks more exposed to asset scarcity increased their …

-financial environment. In ”normal” states where banks do not face problems to retain enough profits to satisfy higher capital requirements … in capital requirements. In ”bad” states where banks are not able to come up with sufficient equity to satisfy capital …, which usually feature a constant lending response of around 1%, our state-dependent impact is an order of magnitude lower in …

According to current regulation, European banks can apply zero risk weights to sovereign exposures in their balance … distorting banks' asset allocation decisions. Due to the lower regulatory cost of sovereign bonds, banks invest more in those … bonds at the expense of lending to the real sector. To quantify the effect of this distortion, we build a standard RBC model …

reduce lending relative to other banks. This effect is more pronounced for trading-expertise banks with higher capital, and …We analyze securities trading by banks and the associated spillovers to the supply of credit.Empirical analysis has … been elusive due to the lack of securities register for banks. We use a unique, proprietary dataset that has the …

- border lending after the Lehman failure; for banks headquartered in periphery countries, the impact is quantitatively … the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on …

the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response … not offset by substitution to other banks which use the traditional approach. …