policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was … stance. Macroprudential policy caused both bank-level lending and leverage to fall significantly (by 11%-14%), whereas LAW … had only weak and, in some areas, even perverse effects on these bank-level outcomes. I show that the macroprudential tool …

We examine the impact of cross-border bank flows from source countries on the lending behavior of banks located in … effect of foreign macroprudential policy. Decomposing cross-border inflows into bank and non-bank flows, effects are entirely …

detailed bank-level data we show how Norwegian and Swedish banks' lending reacts to monetary policy surprises arising abroad …

detailed bank-level data we show how Norwegian and Swedish banks' lending reacts to monetary policy surprises arising abroad …

. In the second, we use the bank-specific regulatory change to estimate credit supply responses from (1) a countercyclical …

We investigate the impact of macroprudential capital requirements on bank lending behaviour across economic sectors … to central bank funding. These results have important policy implications as they provide evidence on the impact of …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

This paper studies optimal bank capital requirements in a model of endogenous bank funding conditions. I find that … reason is that a high requirement during the recovery lowers bank shareholder value during the crisis and thus creates …

financial crises more reliably, and stimulate the build-up of bank capital before a crisis. …