large U.S. banks assign to syndicated loans for regulatory capital purposes. Using internal bank data on loans that had PDs … and LGDs assigned by more than one bank, we find substantial dispersion in these parameters. Banks differ substantially in … PDs, but only a few set PDs systematically higher or lower than the median bank. However, many banks differ from the …

Our paper studies the role of the collateral channel for bank credit using confidential bank-firm-loan data. We … higher growth in bank lending with higher sensitivities for more credit constrained firms. Higher real estate values boost …

We find that that the Current Expected Credit Loss (CECL) standard would slightly dampen fluctuations in bank lending … capital distributions. We consider a variety of approaches to address uncertainty regarding the management of bank capital and … predictability of credit losses …

Under the Community Reinvestment Act (CRA) banks can fulfill their affirmative obligation to meet local credit needs by … CRA credit for purchases has had its intended effect of increasing LMI credit availability by making LMI loans more liquid …

We investigate how the introduction of market-based pricing, the practice of tying loan interest rates to credit …-based pricing loans, suggesting that the decline in the cost of bank debt is explained, at least in part, by a reduction in … monitoring costs. Market-based pricing, therefore, besides reducing the cost of bank debt, may also have adverse consequences …

reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …We study the transmission of financial shocks across borders through international bank connections. Using data on … countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures …

flow of credit to small and mid-sized firms during the COVID-19 crisis on bank lending to businesses. Using instrumental … the flow of bank credit during the pandemic by serving as a backstop to the bank loan market and by increasing banks …

availability as indicated by the survey. A number of scholars have posited different ways that bank distress constrained credit …This paper examines the mechanism through which banking sector distress affects the availability of credit. We use the … experience of the United States during the Great Depression, a period of intense bank distress, to conduct our analysis. We …

This paper presents empirical evidence on the effect of banks' financial position on credit growth using a sample of 29 … most important predictor of credit growth in the current year. The relationship between capital and credit growth is non … (decrease) in capital is associated with an increase (decrease) of 0.8 (0.3) percentage points in credit growth upon impact and …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who … borrow from the financial sector are important for the business cycle frequency fluctuations in bank and nonbank credit …