credit limits to show that a bank's MPL depends on a small number of parameters that can be estimated using our credit limit … funds on aggregate household borrowing, and highlights the importance of frictions in bank-borrower interactions for …

conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and …

largest U.S. banks had their senior unsecured bonds ranked pari-passu with bank deposits under the market conditions from 2006 … to 2015. Since 1994 senior bank bonds are subordinated to bank deposits in the event of liquidation. And during the … financial crises of 2008-2009 and 2011, the maximum 5-year bank credit spread among the four largest banks was over 400 basis …

Was the bank credit crunch following the collapse of Lehman Brothers in September 2008 in many economies due to a loan …, tailor-made micro-level data set on bank lending volumes, bank balance sheets and mortgage loan characteristics. Controlling … for a range of bank-specific factors, we find that banks with larger shares of residential mortgages in total loans in …