The role of bank capital as a propagation channel of shocks is strongly pronounced in recent macroeconomic models. In … this paper, we show how the evolution of bank capital depends on the share of non-state-contingent assets in banks’ balance …

establish that both monetary policy and fiscal policy matter for bank profitability, their influence revealing the attribute of …Persistence of profitability in the Kenyan banking industry masks the limited understanding of the adjustment process … implication of fiscal-monetary interactions on banks' profitability. We deploy both static and dynamic panel models to estimate …

finance premium, while a BGG model generates too low volatility. The full model also matches the procyclicality of bank …

A hybrid standard macro model is supplemented by an explicit analysis of bank lending, based on a five …-cyclical leverage regulation. Quantitative restrictions for bank activities seem to be useful. …