more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …

bank monitoring based on banks' requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a … decrease in the tax rate improves bank incentives to monitor borrowers by increasing returns from lending. We find that bank …

Global liquidity refers to the volumes of financial flows—largely intermediated through global banks and non-bank … regulatory agendas related to non-bank financial institutions. …

of bank regulatory capital. Our results show that following Basel I, undrawn fees and all-in-drawn credit spreads on …

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