, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …

improving the resiliency of the regulated banking sector, create room for bank disintermediation and do not unambiguously limit …

endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form … expectations about bank risk-taking and demand a return on deposits according to their risk. This creates strategic … of bank net worth, leading to a persistent drop in investment and output. I bring the model to bear on the European …

bank resolution. A European competence is necessary to ensure that cross-border concerns are given appropriate weight in …

particular, we show that being a weakly capitalized bank is not related to higher holdings of domestic sovereign debt. While a … strong link is present between central bank liquidity support and sovereign holdings, opportunistic strategies or reach … advantage of their higher risk-bearing capacity to gain exposure (via central bank liquidity) to the set of riskier sovereign …