We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

in line with the economic conditions they face. Bank responses feed back to the macroeconomic environment affecting …

is generally small. Surprisingly, we find that spill-overs of bank-related events are not significantly different from …

We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized …

Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

mix, pricing decisions, management buffers, and profit distribution along with individual bank conditions, including their …