Evidence on the interdependency between monetary policy and the state of the banking system is scarce. We suggest an … integrated micro-macro approach with two core virtues. First, we measure the probability of bank distress directly at the bank … level. Second, we integrate a microeconomic hazard model for bank distress and a standard macroeconomic model. The advantage …

Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document … tightening of credit terms when firms experience shocks. …

banks based on bank-firm relationships gathered for more than a million firms. Banks with relationships to flooded firms …

that reside in counties unaffected by the natural disaster that we specify as macro shock increase lending to firms inside …-seeking. However, within the group of shock-exposed banks, those without access to geographically more diversified interbank markets … exhibit more credit risk and less equity capital. …

Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks …

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 …