The investment fund sector, the largest component of the non-bank financial system, is growing rapidly and the economy …. Funds invest in corporate bonds and may hold liquidity in the form of bank deposits to meet investor redemption requests …

endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form … expectations about bank risk-taking and demand a return on deposits according to their risk. This creates strategic … of bank net worth and lead to a "gambling trap" with a persistent drop in investment and output. I bring the model to …

significance. Our results do not point to a major role of newly introduced bank levies in explaining cross-border banking …

We show that a reduction in lender of last resort (LOLR) policy uncertainty posi-tively affects bank lending and … privatemarket and central bank security valuations - plays a key role in the propagation ofthe shock to lending and the real economy. …

how to treat sovereign exposures in bank regulation. Our contribution is to model endogenous sovereign portfolio …

which a bank may provide voluntary support to an impaired subsidiary using resources from a healthy subsidiary. While …

decompose the welfare effects of bank capital regulation to demonstrate the effects of exuberance and its interaction with … evidence on the relationship between bank capital and risk-taking. Finally, I investigate the sensitivity of these insights …