requires assessing both efficiency and risk factors, so Laeven also introduces a measure of risk taking. This risk measure … foreign-owned - tended to be heavy risk takers. Most of them had excessive credit growth. - Laeven uses a linear programming … Philippines, and Thailand. He applies this technique to the precrisis period 1992-96. Assessing a bank's overall performance …

capital on standalone bank risk. Our results contribute to the ongoing debate on the merits of imposing systemic risk … the recent financial crisis to identify bank specific factors that determine risk. We find that systemic risk grows with … bank size and is inversely related to bank capital, and this effect exists above and beyond the effect of bank size and …

interventions aimed at alleviating the bank capital crunch. We find that the growth of firms dependent on external financing is … disproportionately positively affected by bank recapitalization policies, and that this effect is quantitatively important and robust to …

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital … multinationals, we find that thin capitalization rules significantly affect multinational firm capital structure. Specifically … rules, which thus far have been understudied, have a substantial effect on the capital structure within multinational firms …

We provide a theoretical foundation for the claim that prolonged periods of easy monetary conditions increase bank risk … taking. The net effect of a monetary policy change on bank monitoring (an inverse measure of risk taking) depends on the … balance of three forces: interest rate pass-through, risk shifting, and leverage. When banks can adjust their capital …

’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank …We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and …

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … of business lending. We find that ex-ante risk taking by banks (measured by the risk rating of new loans) is negatively … with the nationwide business cycle, and less pronounced for banks with relatively low capital or during periods of …