Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether …

lending rates. The data presented in the paper suggest that large banks would on average need to increase their equity …-to-asset ratio by 1.3 percentage points under the Basel III framework. GMM estimations indicate that this would lead large banks to …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …

on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve …’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s … pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and …

system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in … channeling risky entrusted loans; (2) shadow banking through entrusted lending masked small banks' exposure to balance …-sheet risks; and (3) two well-intended regulations and institutional asymmetry between large and small banks combined to give …