This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity …

This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that …

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time … of a binding collateral constraint. If debt is elevated, policy should lean against the bubble more aggressively to …

of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains … borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity …

a bank. Failure to identify deterioration in credit quality in a timely manner can aggravate and prolong the problem …. Two key issues arise with regard to the use of collateral in the context of loan classification and provisioning. In … particular, the questions arise whether collateral should be taken into account in classifying a collateralized loan, and whether …

This paper addresses two complications arising from the use of collateral requirements in debt contracts between wealth … volatility. Second, aggregate uncertainty in conjunction with limited bank capitalization is shown to produce excessive credit …

concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley and Citi. This note analyzes how such risks … have shifted over the past year. We estimate that the adverse impact of counterparty risk on high-grade collateral flows …

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system …. The supply of collateral arises from specific investment strategies in the asset management complex, with the primary … been a significant decline in the source collateral for the large dealers that specialize in intermediating pledgeable …