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 …

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 …

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 …

? To investigate this question, I exploit changes in tax rates on bank profits across U.S. states. Banks respond by …

changes in the business strategies of larger banks and non-bank financial service providers, have purportedly made it more … the shares of bank branches, deposits, banking assets, and small business loans held by community banks in the U.S. have … between community bank profitability and various characteristics of the banks and the local markets in which they operate …

the banks' trading revenues and help to explain the bank VaR performance results. While highly conservative in the pre …-crisis period, bank VaR exceedances were excessive and clustered in the crisis period. All benchmark VaRs were more accurate in the …-period market conditions. Despite their weaker performance, the bank VaRs exhibited greater predictive power for a measure of …

change charters, an effect that is large for both national and state charters. In addition, controlling for bank ratings …

remain "sleepy": they do not have to pay attention to transient fluctuations in the mark-to-market value of bank assets. In …