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 …

How much of the heterogeneity in bank loan pricing is explained by disparities in banks’ attitude towards risk? The … answer to this question is not simple because there are only very weak proxies for gauging the degree of a bank’s risk … confirm that disparities in market power, banks’ funding costs, and banks’ funding risks are reflected in bank lending rates …

We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model …

from the canonical bank-runs: it may lead to runs of intermediaries on each other through firesales in the money market. I …

This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to …