international transmission of financial shocks. We use data on individual loans by the largest international banks to their various … countries of operation to examine whether banks' access to borrower information affected the transmission of the financial shock … to control for general bank characteristics. We find that during the crisis banks continued to lend more to countries …

risks of financial globalization. We use loan-level data on lending by the largest international banks to their various … countries of operation to examine how banks reduced cross-border credit after the collapse of Lehman Brothers. Country-, firm … traits of banks as well as the countries and firms they lend to. We document substantial heterogeneity in the extent to which …

predictor of GDP. We provide evidence linking this increasing connectedness between banks and the macroeconomy to secular …

regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into … bankruptcy with the result that other banks obtain more new funds and remain solvent. We investigate two different … implementations of the funds concentration effect and the corresponding discriminatory bailout scheme: “random bailout“ and “bailout …

were the private banks of the hardest-hit sovereigns. They were rapidly followed by the rest of the Euro-Zone's banks as a … in a timely manner is hardly an easy task, as banks are not required to disclose it. Building on the efficient market … hypothesis in the presence of informed traders, we tested the sensitivity of each of the largest Euro-Zone private banks' CDSs to …

Increases in firm default risk raise the default probability of banks while decreasing output and inflation in US data …. To rationalize the empirical evidence, we analyse firm risk shocks in a New Keynesian model where entrepreneurs and banks … banks' balance sheets; banks respond by selling assets and reducing credit provision. A highly leveraged banking sector …