In 2011, Colombia instituted a tax on repayment of bank loans, thereby increasing the cost of short-term bank credit … firms from bank liquidity shocks …

Economic growth is persistently low following a financial crisis, possibly because of a continuing weal banking system …. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank … health, but measuring bank health by Tobin's Q, we find that the ill health of banks in the recent U.S. financial crisis and …

Operating in individual cities, U.S. clearinghouses were the closest thing to a central bank before 1914, but they only … assisted banks that chose to join the association. Using an annual bank-level database for seven states between 1880 and 1910 …

We provide a first evaluation of the quality of banking stress tests in the European Union. We use stress tests … scenarios and banks' estimated losses to recover bank level exposures to macroeconomic factors. Once macro outcomes are realized … that exposures are underestimated in countries with ex-ante weaker banking systems. Our results have implications for the …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter … values, and relationship lending and increases banks' provision of nontraditional banking services …

We document the importance of covenant violations in transmitting bank health to non-financial firms using a new … supervisory data set of bank loans. Roughly one-third of loans in our data breach a covenant during the 2008-09 period, providing …

Large bank holding companies (BHCs) are structured into intricate ownership hierarchies involving hundreds or even …

Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we examine how bank …

. Recovery depends primarily on post-shock adjustments made by the banks, particularly to their loan portfolios. Matched bank …