the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is … impact of competition on realised risk. It follows that cooperation between supervisory and competition authorities is …

We empirically analyse the relationship between longer term central bank liquidity support and banks' balance sheet …

with new Basel III regulations and with central bank policies (liquidity provision, asset purchases and the Securities … with worsening money market conditions, while higher central bank liquidity provision was associated with reduced money … market stress. After 2015, the evidence is consistent with central bank asset purchases inducing scarcity effects in some …

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel. … role in the transmission from competition to soundness. We use a two-pronged approach. First, we employ Granger causality …

be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … and benchmarked by the overnight index swap) as a function of market conditions and bank characteristics. These prices …

of collateralized risky debt. The presence of moral hazard creates a link between the volatility in bank asset returns … and bank leverage. We find that, while standard TFP shocks fail to replicate the volatility and cyclicality of leverage …

We empirically investigate the effects of fiscal policy on bank balance sheets, focusing on episodes of fiscal …