arbitrage, but may also give banks incentives to choose their risk models strategically. Current policy answers to this problem …

. Consistently with theoretical work on banking unions and in contrast to analyses emphasising incentives underpinned by the too …-up rather than incentives alignment among the supervisors and the banks …

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

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

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …

monitoring incentives. From our findings it follows that current initiatives on risk retention by the originator, and more …