We document that the deregulation of bank branching restrictions in the United States triggered a reallocation across … bank access to branching affects the sectoral specialization of output, in a manner that depends on the variance …

The U.S. bank stress tests aim to improve financial system stability. However, they may also affect bank credit supply …

ratios- following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises …

We document that the deregulation of bank branching restrictions in the United States triggered a reallocation across …. They suggest that improving bank access to branching affects the sectoral specialization (or diversification) of output, in …

(particularly) interstate liberalization of bank branching restrictions. This effect arises primarily from convergence in the …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …

, eventually, greater reliance on liquidity support from the European Central Bank …

In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of …. We argue instead that NBFI and bank businesses and risks are so interwoven that they are better described as having … contingent liquidity risk from the provision of credit lines to NBFIs; and (iii) Empirical work confirms bank-NBFI linkages …