Existing macroeconomic models focused on bank balance sheet lending are deficient because they do not account for the … investigate two increasingly significant margins of adjustment in credit markets: banks' ability to sell loans and shadow bank … following bank capital shock. Recovery is also faster, because profitable loan sales (e.g., securitization) allow banks to build …

financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

of policy have recently been of greater importance: changes in the supply of bank reserves, changes in the assets … a role for the central bank's balance sheet in equilibrium determination, and consider the connections between these … sense and targeted asset purchases by a central bank, and argue that while the former is likely be ineffective at all times …