and run risk. Banks choose between liquid and illiquid assets on the asset side, and between deposits and equity on the …

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 …

This paper examines whether banks strategically incorporate their competitors' liquidity mismatch policies when … exploiting the presence of partially overlapping peer groups, I show that banks' liquidity transformation activity is driven by … that of their peers. These correlated decisions are concentrated on the asset side of riskier banks and are asymmetric …