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 …

stems partly from lack of funding and partly from heightened counterparty credit risk. Central bank interventions helped … ; counterparty credit risk ; central bank currency swap lines ; financial crisis ; foreign exchange …

cumulative abnormal returns (|CAR|) of stress-tested bank holding companies averages almost 3 percent. Cumulative abnormal …

well as bank risk-taking, growth, and operating costs. We use a difference-in-differences approach, making use of the fact … in large "jumbo" mortgages. We find no clear evidence of substitution in lending between bank and nonbank subsidiaries …, or effects on asset growth or bank noninterest expenses. …

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 …