Markets Programme (SMP). Using detailed security holdings data at the bank level, we show that banks exposed to this … that increased SMP security holdings during the lifetime of the program and that hold the largest relative SMP portfolio …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …

and are more resilient to negative shocks than its less efficient peers. For this purpose, we measure a bank … results provide evidence to the importance of swiftly restoring bank profitability in euro area crisis countries through … addressing high non-performing loans ratios and decisive actions on bank recapitalization …

In the wake of the still ongoing global financial crisis, bank interdependencies have come into focus in trying to …, this study attempts to gain further insight into bank interconnections by tapping into financial discourse. We present a … text-to-network process, which has its basis in co-occurrences of bank names and can be analysed quantitatively and …

deposits towards non-deposit liabilities. We find that unobserved time-invariant bank fixed effects are ultimately the most … important determinant of banks' capital structures and that banks' leverage converges to bank specific, time invariant targets …

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …

our assumptions about how banks rebalance their portfolio to respond to the new requirements, demanding that banks modify … their holdings to increase their portfolio diversification may be ineffective in reducing portfolio risk, including tail …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …