of capital on bank lending during both crisis and non-crisis times. This result is stronger in large banks than in other … on bank lending. We focus on aggregated macroprudential policy measures and on individual instruments and test whether … their effect on the association between lending and capital depends on bank size. Applying the GMM 2-step Blundell and Bond …

question of the macroeconomic consequences of shocks to banks' leverage, be they policy induced or not, remains still largely … evidence of a contractionary impact of an unexpected shock reducing the leverage of large banks …

question of the macroeconomic consequences of shocks to banks' leverage, be they policy induced or not, remains still largely … evidence of a contractionary impact of an unexpected shock reducing the leverage of large banks …

in which macroprudential policy is associated with reduced procyclicality of lending, some degree of market power is …Despite the extensive debate on the effects of bank competition on risk-taking and procyclicality, there is no evidence … of its role in the effects of macroprudential policy on loans' growth and on the sensitivity of lending to the business …

the interaction between entrepreneurs' moral hazard and liquidity provision by banks as analyzed by Holmstrom and Tirole … (1998). They impose capital requirements on banks and calibrate the regulation using the Basel II risk-weight formula …

and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by …When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk … banks in countries with credit booms before the pandemic. The higher risk sensitivity of IRB models does not always result …

and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by …When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk … banks in countries with credit booms before the pandemic. The higher risk sensitivity of IRB models does not always result …

We assess the procyclical effects of bank capital regulation in a dynamic equilibrium model of relationship lending in … which banks are unable to access the equity markets every period. Banks anticipate that shocks to their earnings as well as … buffers. We find that under cyclically-varying risk-based capital requirements (e.g. Basel II) banks hold larger buffers in …

banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the …

banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the …