Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...

Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...

This study examines how micro- and macro-prudential policies work and interact with each other over the credit cycles using a dynamic general equilibrium model of financial intermediaries. Micro-prudential policies restrict the excess risk-taking of individual institutions, while taking real...

We find that the average credit and liquidity risks of U.S. banks, the two principal determinants of bank distress, increased significantly over the last forty years or so. This trend stemmed from progressively aggressive business strategies adopted by new banking cohorts as well as old...

We find that the average credit and liquidity risks of U.S. banks, the two principal determinants of bank distress, increased significantly over the last forty years or so. This trend stemmed from progressively aggressive business strategies adopted by new banking cohorts as well as old...