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. …

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 …

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 …

by banks? To investigate these questions, we develop a model-based survey: we classify existing models into different … placed on the coexistence of banks and non-banks: how their competition, or the extent of cooperation through contractual … banks, open-end funds, special purpose vehicles, private credit entities, and fintech lenders. We also discuss innovation …

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 …

dollar credit supply to non-US firms (relative to banks), mitigating the dollar credit reduction. This increase is stronger … funding, relative to banks. In sum, despite increased risk-taking by less regulated and more fragile nonbanks (relative to … banks), access to nonbank credit reduces the volatility in capital flows-and associated economic activity-stemming from US …

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 …

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 …