We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …

highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take …

Area – are also important, sometimes even more so, consistent with the dominant role of European banks in cross … also the cyclical impact of global liquidity, with sensitivities of flows to banks decreasing with stronger macroeconomic …

Traditional theory suggests that high franchise value limits bank risk-taking incentives. Then why did many banks with …

Banks may be unable to refinance short-term liabilities in case of solvency concerns. To manage this risk, banks can … buffers can be imposed, transparency is not verifiable. Moreover, liquidity requirements can compromise banks' transparency …

guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial … services provision. Modern banking is largely market-based and contestable. Consequently, banks in advanced economies today … focus on the permissible scope of activities rather than on market structure of banks. And following a crisis, competition …

Banks increasingly use short-term wholesale funds to supplement traditional retail deposits. Existing literature mainly … points to the "bright side" of wholesale funding: sophisticated financiers can monitor banks, disciplining bad but …, e.g., when banks hold mostly relationship-based small business loans. …

Banks may be unable to refinance short-term liabilities in case of solvency concerns. To manage this risk, banks can … buffers can be imposed, transparency is not verifiable. Moreover, liquidity requirements can compromise banks’ transparency …

We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …