substantial heterogeneity in monitoring across banks and through time. Better capitalised banks are more lenient monitors that …. Beyond enhancing financial resilience, regulation that requires banks to hold more capital may thus also mitigate the …

Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks … crowdfunding. Crowdfunding is significantly more likely for new ventures that interact with stressed banks. Innovative funding is …

Using confidential information on banks' portfolios, inaccessible to market participants, we show that banks that … towards greener technologies and are robust to controlling for banks' climate risk discussions. Examining the mechanisms … behind the strategic disclosure choices, we highlight that banks are hesitant to sever ties with existing brown borrowers …

In this paper we build a unique dataset to study how banks decide which firms to lend to and how this decision depends … on their own situation and the characteristics of their borrowers. We find that weaker capitalised banks adjust their … credit standards more than healthier banks, especially for firms with a higher default risk. We also show how credit …

-border bank lending in US dollars, and particularly in euro, is highly concentrated in a small number of countries. The UK is … central in the international network of loans denominated in euro, although there are tentative signs that this role has … diminished for lending to non-banks since Brexit. Offshore financial centres are pivotal for US dollars loans, reflecting, in …