challenge by comparing spreads on loans originated by the same bank, to the same firm, at the same origination date, but with …

between these vehicles and lead banks. CLOs that have a relationship with the lead bank of the renegotiated loan are strong … fund not only their portion of the loan increase, but also the portion that was supposed to be funded by the lead bank. Our … findings highlight the previously unrecognized role of the growing presence of non-bank lenders in corporate lending. …

of bank regulatory capital. Our results show that following Basel I, undrawn fees and all-in-drawn credit spreads on …

explaining banks' market values. In this paper we present a model of a bank with fixed-rate deposit insurance that faces … increasing competition that erodes its charter value. When under these conditions the bank chooses its capital to maximize …

explaining banks' market values. In this paper we present a model of a bank with fixed-rate deposit insurance that faces … increasing competition that erodes its charter value. When under these conditions the bank chooses its capital to maximize …

of bank regulatory capital. Our results show that following Basel I, undrawn fees and all-in-drawn credit spreads on …

estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … positively correlated with measures of regulatory capital, even in the presence of bank fixed effects, consistent with an effort …

estimate bank biases at the credit-level by comparing bank generated risk estimates within loan syndicates. The biases are … positively correlated with measures of regulatory capital, even in the presence of bank fixed effects, consistent with an effort …