implementation of the CRD and derive a country measure of regulatory flexibility (for all banks in a country) and of supervisory … discretion (on a case-by-case basis). Overall, we find that banks established in countries with a less stringent prudential … crisis. Prudential frameworks also explain banks' liquidity buffers even in absence of a specific liquidity regulation, which …

supervision is stronger for banks operating in stressed countries. Exploiting heterogeneity across banks, we find that the …

. Specifically, banks originating from a country that has lower level of trust tend to have lower interbank borrowing. Using a … the network structure of interbank markets. Core banks acting as interbank intermediaries in the network are more …

European banks. In this paper, we evaluate the possible effects of these constraints on risk and diversification in the … sovereign bond portfolios of the major European banks. First, we capture the dependence structure of European countries … analysis. We then analyse the risk and diversification in the sovereign bond portfolios of the largest European banks and …

banks benefit more from monetary policy easing, banks engaging more extensively in maturity transformation experience a …

I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to … endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form … complementarities and possibly multiple equilibria: in response to an increase in funding costs, banks may optimally choose to pursue …

, banks choose the quality and quantity of loans. On the liability side, they may be subject to depositor runs whenever they … provision and stability and also highlight the interactions between the two sides of banks' balance sheets. Our approach …

securities holdings by banks, we document that the introduction of the minimum requirements for eligible liabilities (MREL …) induced banks to increase their holdings of eligible bank bonds, especially if issued by other banks. The requirement for own … funds and eligible liabilities (TLAC) instead raised the incentives for non-issuing banks to invest in eligible subordinated …