. Using U.S. bank- and branch-level data, I document two new facts: first, the long-run decline in bond rates has not been … affects the composition of bank interest income between loan and deposit spreads. In the long run, a decline in the …

be explained by tighter post-crisis bank capital regulations that made the provision of foreign exchange swaps more … higher bank balance sheet costs resulting from these regulatory changes, the increased demand for U.S. dollars in the swap …

How do banks transmit long-term central bank liquidity injections to borrowers? We exploit unique variation in how the … (within banks) to make four contributions. (i) We show the LTROs induced increased bank lending to firms in France, including … differently to multi- bank firms than they do to firms with only one bank. (iii) Differences in liquidity transmission map to …

Bank balance sheet lending is commonly viewed as the predominant form of lending. We document and study two margins of … document the limits of the shadow bank substitution margin: shadow banks substitute for traditional—deposit-taking—banks in … quantitative consequences of several policies on lending volume and pricing, bank stability, and the distribution of consumer …

, incomplete markets, default risk, endogenous bank entry, and aggregate uncertainty. The model generates a bank net worth … distributions of bank net worth and leverage, which are endogenous time-varying objects. Aggregate shocks to banks' balance sheets … recessions, spikes in bank leverage, and large drops in the number of intermediaries …

-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …