The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed …. However, directed bank lending and direct government spending was used to supplement monetary policy to aggressively offset …

specification), as well as relevant policy measures (governance reforms, bank capital requirements, capital controls, and the role …

Üblicherweise senken Zentralbanken ihren Leitzins während Finanzmarktkrisen, um Unsicherheiten im Finanzsystem zu …

the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …

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 …