While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can … identify the aggregate (firm-level) effects of the lending channel and estimate the impact of banks' ability to securitize real …

bank capital and therefore set the minimum capital-adequacy requirements for banks. The new Basel bank capital regime … the financial risk toolkit for practitioners. This risk modeling enhancement provides incentives for banks to upgrade … regulatory capital requirements for banks. For those locally-incorporated banks that have offshore banking operations, the …

or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household …

The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make … size. Implicit banks' costs and subsidies explain shifting bank balance sheet composition. Together, these forces explain …

affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … that insurance companies, financial enterprises, and factoring companies - but not leasing companies - and Non-EBA banks … expand their corporate lending relative to EBA banks. In particular, NBFIs use the opportunity to expand their credit …

We exploit variation in the share of seniors across European banking markets to construct an IV for banks’ dependence … funding via targeted longer-term refinancing operations (TLTRO). This effect is stronger when banks face less competition …. Long-term central bank funding further motivates banks to reduce their dependence on debt issuance and increase their money …

transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …