issuance of common stock was negative due to repurchases. We assume that, in the absence of capital requirements, a bank has an … optimal capital structure that depends on its business model. Capital requirements can impose constraints on bank decisions …. If a bank's optimal capital structure also meets regulatory capital requirements with a sufficient buffer, the bank is …

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have …

We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …

suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …

Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if … of crises. All financial crises are at root bank runs, because bank debt--of all forms--is vulnerable to sudden exit by … bank debt holders. The current crisis raises issues for crisis theory. And, empirically, studying crises is challenging …

illiquid loans by issuing deposits. Deposit transfers across banks must be settled using central bank reserves. Transfers are …

When a bank experiences a negative shock to its equity, one way to return to target leverage is to sell assets. If … asset sales occur at depressed prices, then one bank's sales may impact other banks with common exposures, resulting in … explains how the distribution of bank leverage and risk exposures contributes to a form of systemic risk. We compute bank …