the roles played by volatility, illiquidity and debt maturity in driving debt runs, as well as on firms' capital adequacy …

Publicly-traded debt securities differ on a number of dimensions, including quality, maturity, seniority, security, and …, growth opportunities and cash holdings are related with the convertibility, maturity and security structure of issued bonds … the types of securities that are issued. Consistent with commonly stated 'maturity-matching' arguments, long …

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 …

Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires … that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value …-insensitive assets. For the economy as a whole, firms endogenously separate into bank finance and capital market/stock market finance …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …

A firm chooses its debt maturity structure and default timing dynamically, both without commitment. Via the fraction of … newly issued short-term bonds, equity holders control the maturity structure, which affects their endogenous default …

credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through …