with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the … bank lending channel and determining the extent to which it is operational. Evidence on the effectiveness of the bank …

We study how monetary policy affects the funding composition of the banking sector. When monetary tightening reduces … the retail deposit supply owing to, for example, a decrease in bank reserves or in money demand, banks try to substitute … tightening increases both the reliance on and the concentration of wholesale funding within the banking sector, indicating that …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …