bank-industry and bank-firm level, we estimate the average impact of current and anticipated changes in banks' capital on …Using information from the balance sheets of Spanish banks between 1995 and 2009 matched to credit information at the … lending to firms. We isolate the role of credit supply factors using the variation in capital growth associated with the bank …

This paper analyzes the financing choices of banks under capital regulation during the expansion period that preceded … the crisis. We use data from Dealogic on the issuances of financial instruments of Spanish banks to test whether financing … choices respond to predictions derived from the corporate finance theory and/or to capital regulation. We find that banks …

face more difficulties to access public debt and bank debt (particularly, short-term bank debt), and they have to rely on …

This paper analyzes how differences in productivity across banks and the evolution of industry productivity over time … data of Spanish banks, we find that less productive banks are more likely to exit than more productive banks, and that … surviving banks acquire target banks in order to expand their branch network in local markets where they are underrepresented …

-employed are identical to employed borrowers during the boom. Banks with worse corporate governance problems soften even more the … standards. Finally, we analyze the mechanism by which banks could increase the supply of mortgage loans despite of regulatory … restrictions on LTVs. The evidence is consistent with banks encouraging real estate appraisal firms to introduce an upward bias in …