policy shocks are prevalent. A monetary policy reaction function that responds to movements in bank leverage or to movements …

We empirically assess the effect of reserve accumulation as a result of quantitative easing (QE) on bank-level lending … and risk taking activity. To overcome the endogeneity of bank-level reserve holdings to banks' other portfolio decisions …

banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of bank reserves. We … term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy …

partial equilibrium, the bank prefers a higher leverage ratio of borrowers, when the profitability of lending increases, e … costly state verification (CSV) problem by introducing a risk-neutral monopolistic bank, which maximizes profits subject to … borrower participation. While the bank can diversify idiosyncratic default risk, it bears the aggregate risk. We show that, in …

credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

European bank equity values - an effect that is normally positive - has become negative since interest rates in the euro area …

policy shocks are prevalent. A monetary policy reaction function that responds to movements in bank leverage or to movements …

We describe and test a mechanism through which outstanding bank loans affect the firm balance sheet channel of monetary … policy transmission. Unlike other debt, most bank loans have floating rates mechanically tied to monetary policy rates. Hence … constrained firms that use bank debt. We show that firms---especially financially constrained firms---with more unhedged bank debt …