cross-border interbank loans among 6,000 banks during 1997-2012, we estimate the effect of asset-side exposures to banks in … countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … for foreign borrowers, including in countries not experiencing banking crises. Our results document the extent of cross …

Theory suggests both resilience and fragility in banking networks. This paper finds both, exploiting a new database of … players, but shocks impacting fringe banks have little impact. The global financial crisis and the appearance of South … Banks may play a catalytic role, but their small size limits their ability to mitigate shock propagation. The ongoing Covid …

that this has two effects on banks, with opposing implications for banking stability. First, the hold-up problem between … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

that this has two effects on banks, with opposing implications for banking stability. First, the hold-up problem between … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

The agent-based model of Hałaj (2018) is calibrated to data from granular liquidity reporting by the largest banks in … Canada. The model describes propagation and amplification of funding shocks between banks interacting on the interbank market … vulnerabilities of the banking system: funding liquidity (which is cyclical) and interconnectedness (which is structural). …