overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty signi cantly raises … positions and greater access to central bank funding. …

recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by … times; and (v) pay higher spreads, even conditional on other firm characteristics. We present a theory of loan terms that …-level measures of exposure to the COVID recession. Finally, we match the bank data to a list of participants in the Paycheck …

, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …

We analyze the relationship between bank size and risk-taking under the New Basel Capital Accord. Using a model with …