We isolate the direct bank-to-sovereign distress channel within the Eurozone's sovereignbank-loop by exploiting the …-related variation. We find that the transmission of instrumented bank distress, while economically relevant, is significantly smaller … variables in previous studies. Furthermore, we show that the spillover of bank distress is significantly stronger for countries …

Based on detailed loan portfolio data of a top-20 universal bank in Germany, we investigate the effect of … unconventional monetary policy on corporate loan pricing. We can decompose corporate lending rates, thereby shedding light on intra-bank …, markups earned by the bank, and loan volumes by exploiting the co-existence of eurozone-wide security purchase programs by the …

We use a compound option-based structural credit risk model to infer a term structure of banking crisis risk from … market data on bank stocks in daily frequency. Considering debt service payments with different maturities this term … structure assigns a separate estimator for short- and long-term default risk to each maturity. Applying the Duan (1994) maximum …

driving bank internationalization. Second, while only a few non- financial firms engage in international trade, many banks … hold international assets. Only a few large banks engage in FDI. Third, apart from productivity, risk factors matter for …

We show that emergency liquidity provision by the Federal Reserve transmitted to non-U.S. banking markets. Based on ….S. facilities via internal capital markets. Using proprietary interest rate data reported to the German central bank, we compare … lending and borrowing rates of banks with and without such access. U.S. liquidity shocks cause a significant decrease in the …