the credit risk of their corporate loan portfolios when the latter are used as collateral in the Eurosystem’s monetary … actually used as Eurosystem collateral, particularly for large loans. The less conservative estimates of risk by IRBs relative … findings suggest the existence of a collateral-related channel through which the use of IRB ratings may influence the internal …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on …

How do housing bubbles affect other economic sectors? We show that in the presence of collateral constraints, a bubble …

We use an extensive data set of bilateral exposures on credit default swap (CDS) to estimate the impact on collateral … demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing …

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 …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …