(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then …

contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in … right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

results highlight the importance of the starting level of bank capital, bank asset quality, and banks' adjustments for the …

(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then …

in line with the economic conditions they face. Bank responses feed back to the macroeconomic environment affecting …

leverage of the financial system, and prompted proposals by bank supervisors to significantly tighten bank capital requirements … new approach based on a data-rich environment at both the micro (bank) level and the macro level, using a combination of … bank panel regressions and macroeconomic factor models. We first identify bank leverage shocks at the micro level and …

leverage of the financial system, and prompted proposals by bank supervisors to significantly tighten bank capital requirements … new approach based on a data-rich environment at both the micro (bank) level and the macro level, using a combination of … bank panel regressions and macroeconomic factor models. We first identify bank leverage shocks at the micro level and …

reallocates mostly towards safer producers. Lending standards propagate bank capital shortfalls through labor misallocation … increasing. Finally, with endogenous lending standards, first-moment bank capital shocks look like second-moment shocks …

unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In …

leverage faced tighter constraints in accessing bank credit after the COVID-19 outbreak in spring 2020. Specifically, SMEs with … Paycheck Protection Program (PPP), mitigated the adverse real effect stemming from bank credit constraints. …