levy was implemented supply more credit. This increase is more significant for larger lenders and banks that are more … banks' liabilities thereby decreasing the cost of equity relative to the cost of debt. Using a difference …-in-differences approach we assess the impact of this tax levy on banks' participation in the syndicated loan market. We further investigate …

risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value …We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency …

We investigate the impact of the 2014 Interagency Clarification on the leverage risk premium for bank- and nonbank … protection, is strongly associated with a narrower leverage risk premium …

Do credit ratings help enforce market discipline on banks? Analyzing a uniquely comprehensive dataset consisting of 1 … rating downgrades for internal reasons, such as adverse changes in the operating performance or capital structure of banks …, are associated with a significant CDS spread widening. However, this widening only occurs for banks that are not perceived …

Following the 2008-9 financial crisis, large banks increasingly issued contingent convertible bonds (CoCo bonds) to … CoCo bonds provides the same reduction in bank default risk as the corresponding issuance of common equity by analyzing the … premium reduction in (single name) credit default swaps (CDS) around the corresponding issuance announcement events. We find …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …-merger profitability of targets, a decrease in the size of acquirers and a decreasing share of transactions in which banks are acquired by … banks and the stock market response of rivals appear unaffected. The evidence suggests that the strengthening of merger …

, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …

strength and extraordinary sovereign support and provide an estimate of banks' creditworthiness. Thus, the impact of the …

A new class of risk measures called cash sub-additive risk measures is introduced to assess the risk of future … sub-additive risk measures can model stochastic and/or ambiguous interest rates or defaultable contingent claims …. Practical examples are presented and in such contexts cash additive risk measures cannot be used. Several representations of the …