bank holding companies from 1993Q1 to 2020Q1, our results provide the empirical support to the theory that BC has non … that the US bank holding companies involve in higher magnitude of liquidity creation during the expansion phase (normal …

After the 2008 global financial crisis, U.S. bank holding companies needing to cover larger-than-expected loan losses … entities acquired by each holding company in the quarters prior to their mergers. As in the related literature, we fail to … finding suggests that holding companies built up provisions to some degree during the pre-crisis period to cover larger future …

suggests that although bank lending contracted during the crisis, bond financing actually increased to make up much of the gap …

We find that bank liquidity creation (LC) is statistically and economically significantly positively related to real … economic output (GDP). This is robust to using instrumental variables and many robustness checks. LC also beats bank assets in … bank LC generates more GDP per dollar than large bank LC, but large bank LC matters more overall because large banks …

We study the determinants of multiple bank-firm relationships using a uniquely rich data set comprised of information … business cycle exerts important influence on the number of bank relationships sustained by firms. Our evidence suggests that … the number of bank relationships is counter-cyclical, decreasing during macroeconomic expansions and increasing during …

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects …