to profitable firms in a crisis. Using detailed credit register information for Italian banks before and after the Lehman … theories of relationship banking. Our empirical analysis confirms the basic prediction of the model that relationship banks … suffered fewer defaults, thus confirming the informational advantage of relationship banking …

exploiting linkages through BHC-internal capital markets across spatially-separate BHC member-banks. We estimate that retrenching …

the Argentine banking system. We devote most of our attention to the privatization of the provincial banks. Our story …

We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans … expectations, the shadow banking system is stable and improves welfare. When investors and intermediaries neglect tail risks …

credit guarantees, or received capital injections. We use standard empirical panel-data techniques to study the "loan mix … before and after unusual public interventions such as nationalisations and public capital injections. We find strong evidence …

investigate how banks allocate limited capital among the various activities, as well as how they choose their capital structure … the cyclical behavior of credit and investment, but also accounts for the fundamental instability of banks operating in …

21st century banks, but funding liquidity from lines of credit and loan commitments has become more important. Banks also …