characterized by increasing banks’ net interest margins, foreign bank participation and consolidation. In line with findings in the …

of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models’ robustness …

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …

with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that …-linear function of the combination of network structures and bank-specific characteristics …