bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …

positive effects of mergers for borrowers that continue the lending relationship with the consolidated bank. On average …This paper analyzes the effects of bank mergers on bank firm relationships. Using matched bank-firm level data, I find … that mergers disrupt lending relationships, specially to small borrowers of target banks. However, I find significant …

bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …

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. …

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 …

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

the heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on …We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the …