contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The … heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects …

orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank …

-processing-technology and finance theory, created severe competitive pressures on both the asset and liability sides of bank balance sheets and … aforementioned common competitive pressures dominated the bank-specific and country-specific factors that affect the composition of … bank income. Among the policy implications, the systemic risk on a global scale is likely to be greater than that indicated …