-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We … exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …

The agent-based model of Hałaj (2018) is calibrated to data from granular liquidity reporting by the largest banks in … Canada. The model describes propagation and amplification of funding shocks between banks interacting on the interbank market …