experience of the United States during the Great Depression, a period of intense bank distress, to conduct our analysis. We … availability as indicated by the survey. A number of scholars have posited different ways that bank distress constrained credit …. In this study, we find that bank failures had the most dominant impact, but there is also some evidence for the …

The effect of bank capital on lending is a critical determinant of the linkage between financial conditions and real … Bernanke and Lown (1991) and Hancock and Wilcox (1993, 1994) - to study the lending of large bank holding companies (BHCs) and … and Morgan's (2006) VAR model, and again find modest effects of bank capital ratio changes on lending. These results are …

We exploit variation in commercial bank capital ratios across states to identify the impact of commercial bank balance … indicate a lack of substitutes for bank funding both in the short and long run. This lack of substitutes implies a notable … highlight the potential effects that bank balance sheet pressures, for example, from tightening capital adequacy standards, such …

expands the definition of mergers to include more types of transactions than previous studies on bank mergers …

Because they engage in maturity transformation, a steepening of the yield curve should, all else equal, boost bank … profitability. We re-examine this conventional wisdom by estimating the reaction of bank intraday stock returns to exogenous … repricing time or maturity of bank assets and liabilities and analyze how the reaction of stock returns varies with the size of …

lending is economically significant. The mechanism of the transmission appears to be through changes in bank capital and new …

New bank formation in the U.S. has declined dramatically since the financial crisis, from well over 100 new banks per … low interest rates (which both depress banking profits) could also have played a role. We estimate a model of bank entry … decisions on data from 1976 to 2013 which indicates that at least 75% of the decline in new bank formation would have occurred …

low-quality bank-dependent issuers from higher-quality issuers with access to public debt. In a baseline equilibrium with … expensive bank lending, this separation across debt market segments provides information, but equilibrium ratings are … uninformative. A positive shock to private (bank) relative to public lending supply allows banks to compete with public lenders for …