to the banking sector. We find evidence that changes in lending by large banks have a significant impact on GDP growth … justified with the systemic importance of large banks for the real economy. In this paper, we test whether idiosyncratic shocks … to loan growth at large banks have effects on real GDP growth. We employ a measure of idiosyncratic shocks which follows …

Over the past decades, banks have significantly increased their cross-border asset positions. The ongoing crisis on … international financial markets has raised the question whether this increase in cross-border activities has allowed banks to … diversify risks and to what extent it has increased banks' exposure to systemic risks. In this contribution, we review the …

Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low …-income countries? Banking markets in low-income countries differ from those in developed market economies. Banking systems in lower …-income countries are typically smaller and less open. In this paper, we explore the channels through which the structure of banking …

summarizing conditions in the banking sector. We use data of more than 1,500 commercial banks from the U.S. call reports to …The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze … address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are …

finds that, despite the restrictions to the regional expansion of banks that have prevailed, the degree of financial … monetary policy and banking supervision are discussed. …