This paper studies how banks simultaneously manage the two sides of their balance sheet and its implications for bank … risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then …

bank-dominierten Finanzsystem zu Ansteckungseffekten über den Finanzmarkt führt. Nur in schwach bank-dominierten (oder … direct investment opportunities, a bank-dominated financial system arises, in which banks provide liquidity transformation … secondary financial markets. Secondly, we analyze the effect a run on a single bank has on the entire financial system …