-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …

This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state … bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as …

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …

analysis to the case of Silicon Valley Bank (SVB) and find that the reduced value of the deposit franchise can explain why SVB … was insolvent in early March 2023, even before the bank run occurred …

Using confidential regulatory firm-bank-loan level data from the U.S., we document four new facts about the credit … market. First, private SMEs typically utilize all available bank credit which comprises their entire balance sheet debt …

effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …

This paper demonstrates how a central bank might operationalize an expanded role inclusive of managing risks from …