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

We study the relationship between banks' size and risk-taking in the context of supranational banking supervision …-big-to-fail effect, we find an inverse relationship between banks' size and non-performing loan growth for a sample of European banks …-up rather than incentives alignment among the supervisors and the banks. …

This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks … indicators on banks' risk weights for credit risk. We present robust evidence of the existence of the risk-taking channel in the … possible side-effects of monetary policy on how banks measure risk. …

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …

options to address this 'doom loop' in which the government may need to raise debt to recapitalise banks, and an increase in … bias in banks sovereign bond holdings by reducing excessive exposure to domestic sovereigns has only limited benefit in …

We use a unique dataset of ratings for euro area corporate loans from commercial banks’ internal rating-based (IRBs …) systems and central banks’ in-house credit assessment systems (ICASs) to investigate whether banks’ IRB ratings underestimate … to ICASs can be partly explained by banks’ liquidity constraints, but not by their degree of capitalisation. Overall, our …

We use a unique dataset of ratings for euro area corporate loans from commercial banks' internal rating-based (IRBs …) systems and central banks' in-house credit assessment systems (ICASs) to investigate whether banks' IRB ratings underestimate … to ICASs can be partly explained by banks' liquidity constraints, but not by their degree of capitalisation. Overall, our …

Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as … a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks … repay credit lines are put options issued by banks, which are exercised by firms in a correlated manner during periods of …