a less efficient allocation of failed banks. Our results provide new insights into the bank resolution process and the …

This paper examines the role of bank capital in decision-making by bank holding companies (BHCs) in the United States …. Following Chami and Cosimano's (2001) call option approach to bank capital, BHCs optimally choose the amount of capital to … insure the bank against becoming capital constrained in the future. We provide empirical support for this model, and find …

individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures …

Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro …

in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of ….S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks …

This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit … cycle, (ii) recessions and recoveries, and (iii) systemic financial crises. We find that bank and nonbank credit exhibit … different dynamics throughout the business cycle. This diverging cyclical behavior of output and bank and nonbank credit argues …