Bank balance sheet lending is commonly viewed as the predominant form of lending. We document and study two margins of … document the limits of the shadow bank substitution margin: shadow banks substitute for traditional—deposit-taking—banks in … quantitative consequences of several policies on lending volume and pricing, bank stability, and the distribution of consumer …

shocks. Since bank deposits provide liquidity, higher interest rates allow banks to earn larger spreads on deposits …

International financial linkages, particularly through global bank flows, generate important questions about the … autonomy oriented toward and effective at achieving domestic goals. I argue that global banking entails some features that are …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous, and also that the primary drivers …

We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a … dynamic banking model in which monetary policy affects imperfectly competitive banks’ funding costs. Banks optimize the pass …-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power …

central bank of tracking of the flexible price equilibrium values of the natural levels of output and the real interest rate …