countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … 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 …

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 … banking system. Consistent with theories of the portfolio substitution channel in which the transmission of QE depends in part …

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 … partial equilibrium, the bank prefers a higher leverage ratio of borrowers, when the profitability of lending increases, e …

suggesting that the cross-border bank lending channel of liquidity shock transmission may not be unique to lending in USD …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 …