right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …Does the mere presence of big banks affect macroeconomic outcomes? Gabaix (2011) shows that idosyncratic shocks can … contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in …

(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate …

for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops …Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and …, seek to reduce these costs. Bank levies attempt to internalize systemic risk and to increase the costs of leverage. This …

public finances. Regimes for restructuring and restoring banks financed by bank levies and fiscal backstops seek to reduce … bank. For the banks affected most by the levy, we find evidence of fewer loans, higher lending rates, and lower deposit …Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and …

enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated … banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro … on the risk taking of banks. …

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the … of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the … of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the … of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …