default under net settlement can also distort banks' investment incentives. ; Absent these distortions, net settlement …

insurance funds when banks fail. Is PCA misguided, or are there incentive defects in the law and how the requirements are being …

financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The …

important aspects closely related to NCM: the absence of banks and monetary aggregates from this theoretical framework, and the …

puzzling observation from Turkish banking system. During 2015-2016, retail rates of Turkish banks displayed a persistent upward … deterioration in the structural liquidity positions of Turkish banks, reflected as rising loanto-deposit ratios (LDR). Our results … show that in the presence of increasing pressures from worsening funding quality, banks with high LDRs tried to attract …

We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of … for banks and nonbanks, and an empirical setting with quasirandom shocks to firm profitability. Although credit migrates … from banks to nonbanks, zombie firms file for bankruptcy at an elevated rate, suggesting that nonbanks' zombie lending does …