separate firm-borrowing shocks from bank-supply shocks using a vast sample of matched bank-firm lending data. We decompose … aggregate loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of … role for granular shocks as in Gabaix (2011). We show that idiosyncratic granular bank-supply shocks explain 30-40 percent …

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …

This paper examines the use of credit derivatives by US bank holding companies from 1999 to 2003 with assets in excess …'s loan portfolio and negatively or not related to other types of bank loans. The use of credit derivatives by banks is … of one billion dollars. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2003 …

considerations influence credit allocation in a politically mature system like the United States without the formal possibility of …

. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank …A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from … to deposit insurance and/or enhanced capital regulation) and that internal demand for funding by banks determines rates …

competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to …

International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous, and also that the primary drivers …