We use the term structure of bank CD rates to examine whether maturity-transformation risk is priced into the rates … banks offer customers. We find that depositors pay a significant cost for the liquidity provided by bank deposits. This cost …

the world and, b) heterogeneity in these regions' capacity to generate financial assets from real investments. In …

A bank or other financial institution is potentially subject to at least four types of risk: (1) Credit risk …. This paper reports a study of the interest-rate elasticity of the net worth of a commercial bank. Most of the study is … devoted to the development of the necessary methodology to measure the interest-rate elasticity (IRE) of a bank's asset …

International data suggests that fluctuations in the level and volatility of the world interest rate (as measured by … economies. We incorporate an estimated time-varying process for the world interest rate into a model of sovereign default … calibrated to a panel of emerging economies. Time variation in the world interest rate interacts with default incentives in the …

the world. Under every scenario, uncertainty policy is inflationary …

This paper examines the impact of bank regulations, market structure, and national institutions on bank net interest … margins and overhead costs using data on over 1,400 banks across 72 countries while controlling for bank …-specific characteristics. The data indicate that tighter regulations on bank entry and bank activities boost the cost of financial …