address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks’ responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

competitor banks for any given bank, and analyze the impact of this variable on banks’ risk-taking behavior, using a large sample … bank bail-outs on banks' risk-taking behavior. -- Government bail-out ; implicit and explicit government guarantees …

competitor banks for any given bank, and analyze the impact of this variable on banks' risk-taking behavior, using a large sample … increase the protected banks' risk-taking. These results have important implications for the effects of the recent wave of bank …

decrease a bank's incentive to take risk with its remaining ineligible assets. A greater capacity to respond to liquidity … stress increases the potential profits a bank would put at stake by making risky investments, but it also mitigates the … illiquidity disadvantages of holding risky assets. We then empirically estimate the effect of two liquidity regulations on bank …

first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts individual and systemic bank risk. With respect to the mechanisms, we find that competition reduces …

the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for …

We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized …