The objective of this research is to examine the inter-bank network of clients as a channel for credit risk … banking network channel. There were different models of bank behaviour, from a group of banks that fully aligned their risk …

perapplicant fixed costs in screening. We then demonstrate that our theory fits the data better than the main alternative theory … already in the literature, which supposes cutoff rules are exogenously used by securitizers. Furthermore, we use our theory to …

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … model that rationalizes such an origination rule of thumb. Under this alternative theory, jumps in default are not evidence … securitization rule-of-thumb theory but consistent with the origination rule-of-thumb theory. There are jumps in the number of loans …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage …, moral hazard incentives dominate distressed bank leverage and risk-taking policies …