that are driven by out of equilibrium behavior, such as clustered volatility and fat tails. We argue that traditional … banks …

regulatory equity and the increasing reliance on banks’ internal risk models for the determination of risk weights. The first …

curtailed credit supply, particularly at less-well capitalized banks. Second, such negative impact was larger for countries … significantly smaller for foreign-owned banks, suggesting that opening up to foreign investors may be an effective way to partly … shield the domestic banking sector from negative shocks. Overall, CAR enforcement — by inducing banks to reduce their lending …

We explore the effects of ownership concentration on the risk-taking behavior of banks. Our analysis focuses on East … concentrated ownership improves banks' liquidity. Further, the recent financial crisis does not appear to change the fundamental …

Hypothesis, under which stress-tested banks reduce credit supply – particularly to relatively risky borrowers – to decrease their … credit risk. The findings do not support the Moral Hazard Hypothesis, in which these banks expand credit supply … banks, banks that passed the stress tests, and the earlier stress tests …

Prior to 2018, accounting rules required banks that recognize financial liabilities at fair value to record unrealized … gains and losses on the liabilities attributable to changes in the banks' own credit risk, referred to as the debt valuation … adjustment (DVA), in earnings each period. Using a comprehensive sample of publicly traded European banks during 2007–2015, we …

banks (CSBs) had on the quality of their borrowers' financial statements. Using a difference-in-difference research design …-on-assets (ROA) after a bank's IPO. We also find that pursuant to the IPOs by their lending banks, various measures of borrowers' FRQ …

larger banks),but also boosted bank risk in the long term. Results remain robust to considerations of (1) bank …