By providing liquidity to depositors and credit line borrowers, banks are exposed to doubleruns on assets and …. After the shock, there are sizeable, aggregate double-runs. In the cross-section, pre-shock interbank exposure is …-shock liquidity risk management by more exposed banks granting credit lines to firms that run less in a crisis. …

transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …

equation we model the bank's decision to grant a loan, in the second the probability of default. We confirm that banks provide …

lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued … more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the … issuance of guidance, possibly to finance their growing leveraged lending. The guidance was effective at reducing banks …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … banks penalized for potentially holding private information? To answer this question we merge CDS trades reported under the … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …

monotonic decline in banks’ use of attested financial statements (AFS) in lending over the past two decades. Two market forces … information sources that can substitute for AFS. Second, banks are increasingly competing with nonbank lenders that rely less on …

In the traditional banking model, loans play a dominant role in banks’ operations. Loan portfolio quality is the main … generator of banks’ results. In the periods of best results, as well as in times of worst performance of banks’ operations, the …