that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts individual and systemic bank risk. With respect to the mechanisms, we find that competition reduces …

Despite the extensive debate on the effects of bank competition on risk-taking and procyclicality, there is no evidence … cycle. We contribute to the literature by investigating the impact of bank competition on the effects of individual … macroprudential tools in a sample covering over 70,000 bank-level observations in 109 countries from 2004 to 2015. Our results are in …

illiquidity disadvantages of holding risky assets. We then empirically estimate the effect of two liquidity regulations on bank … decrease a bank's incentive to take risk with its remaining ineligible assets. A greater capacity to respond to liquidity … stress increases the potential profits a bank would put at stake by making risky investments, but it also mitigates the …

Dignity), the actions of the National Bank of Ukraine (NBU) had a positive impact on the models of Ukrainian banks: there was … lending due to an increase in their riskiness; (2) the use of central bank funds to liabilities management, which was evidence …

competitor banks for any given bank, and analyze the impact of this variable on banks’ risk-taking behavior, using a large sample … bank bail-outs on banks' risk-taking behavior. -- Government bail-out ; implicit and explicit government guarantees …

. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank … stock prices and CDS spreads. Overall, bank stock prices reflect a negative capitalization of government debt and they … valuation in countries running large fiscal deficits. Furthermore, the change in bank CDS spreads in 2008 relative to 2007 …