) restores the banking sector’s lending capacity after the short-term credit crunch induced by tighter regulation. We confirm our …

Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors'' as hedged creditors have less … bank-firm CDS net notional and credit exposures we find that the probability of default for firms with CDS traded on them …

U.S. banks have increasingly diversified into activities traditionally considered as non-core for the banking sector …

bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …

We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency … risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value … by making their financing, liquid asset holdings, and default decisions in response to these frictions as well as …

. Although global bank lending is often reported to amplify the international credit cycle, we show that foreign banking acted as …