This paper analyzes the financing choices of banks under capital regulation during the expansion period that preceded … the crisis. We use data from Dealogic on the issuances of financial instruments of Spanish banks to test whether financing … choices respond to predictions derived from the corporate finance theory and/or to capital regulation. We find that banks …

We develop a general equilibrium model of banks' capital structure, featuring heterogeneous portfolio risk and an … as a buffer against insolvency. Banks are ex-ante identical, but may need to recapitalize by selling equity claims after … of banks, the market for equity becomes crowded. Reminiscent of asset fire sales, banks do not fully internalize the …

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …

during the financial crisis as well as the recent developments of Italian banks, these results not only concern the US, but …