central bank rates in the United States and the euro area. Furthermore, the chapter includes a large-scale comparison of the … effects in investment financing, credit and house price booms and a role for bank capital. A final exercise illustrates how …

Central bank policy suffers from time-inconsistency when facing a banking crisis : A bailout is optimal ex post but ex … reputation for the central bank are high, monitoring effort by the banker is important in improving returns, and when the cost of …

International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous and that the primary drivers of …