offset if drawdowns are expected to be left on deposit at the same bank, which happened at some of the largest banks during … bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until …

We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …

exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity … triggered by the collapse of Silicon Valley Bank. ROE predicts systematic tail risk much better than conventional measures based …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding …Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as … a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks …

We propose a novel mechanism, "financial dampening," whereby loan retrenchment by banks attenuates the effectiveness of … monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank … exploiting linkages through BHC-internal capital markets across spatially-separate BHC member-banks. We estimate that retrenching …

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank … imposed solvency constraints on banks. However, these constraints may not survive in systems competition, as systems … international policy externality on foreign lenders of domestic banks, there will be an undersupply of such regulation. This may …

A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities …) cannot keep pace with asset growth and banks turn to other funding sources (non-core liabilities) to finance their lending …

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … banks refuse to extend credit to one another. We first characterize the terms of the interbank contracts and the patterns of …

evidence, we build a competitive matching model of bank-firm relationships in which risky firms borrow from banks with low …We document that banks which cut lending more during the Great Recession were lending to riskier firms. To explain this … holding costs. Based on default probabilities and equilibrium loan rates, we use our sorting model to recover the latent bank …