availability by including a set of unlisted firms (which are the firms most likely to be bank dependent) in the analysis, and by … data on ownership by banks are available, a higher concentration of ownership of the firm by either the main bank or the … firm's top three lenders increases the likelihood of the firm obtaining increased loans, suggesting that bank ownership of …

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …

-regulated, more fragile nonbanks. The bank-to-nonbank shift largely neutralizes total credit and associated consumption effects for …

to take a forward-looking approach to recognizing life-of-loan losses upon loan origination. Using bank mortgage approval … booms. Overall, our findings suggest that CECL adoption reduces bank lending procyclicality …

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …

This paper offers a simple theory of inefficiently lax financial regulation arising as an outcome of a democratic …

weather conditions. This paper provides the theoretical framework to study the impact of weather through its influence on bank … manager's mood on bank inefficiency. In particular, we provide empirical evidence of the dynamic interactions between weather … and bank loan inefficiency, using a panel data set that includes 69 banks operating in the US spanning the period 1994 to …