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 …

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 …

countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … cross-border interbank loans among 6,000 banks during 1997-2012, we estimate the effect of asset-side exposures to banks in … reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …

We find that that the Current Expected Credit Loss (CECL) standard would slightly dampen fluctuations in bank lending … historical allowances under CECL and modeling how the impact on accounting variables would have affected banks' lending and … predictability of credit losses …

We investigate how the use of a currency transmits monetary policy shocks in the global banking system. We use newly … available unique data on the bilateral cross-border lending flows of 27 BIS-reporting lending banking systems to over 50 … shocks in a currency significantly affect cross-border lending flows in that currency, even when neither the lending banking …

characterized by fire sale externalities. In the model, banks can insure against potential liquidity shocks by hoarding sufficient …. Banks, not internalizing the fire sale externality, overinvest in the risky asset and underinvest in the liquid asset in the … reducing risky assets -- however, we show that banks respond to stricter capital requirements by decreasing their liquidity …

This paper examines the effect of increased market concentration of the banking industry caused by the Riegle …-Neal Interstate Banking and Branching Efficiency Act (IBBEA) on the availability of finance for small firms engaged in research and …. This effect is larger for late adopters of IBBEA, which tended to be states with stronger small banking sectors pre-IBBEA …

a novel approach to estimate the portfolio composition of banks as function of daily interbank trades and stock returns …

We examine whether financial stress at larger banks has a different impact on the real economy than financial stress at … smaller banks. Our empirical results show that stress experienced by banks in the top 1 percent of the size distribution leads …. The negative impact on quarterly real GDP growth caused by stress at banks in the top 0.15 percent of the size …