analysis reveals that converting retail deposits into stablecoin issuers' deposits weakens a bank's liquidity coverage ratio … backing the stablecoins as central bank reserves or reinvest them in low-risk assets, making these funds a less effective … that when retail customers of bank A buy a stablecoin issued by a non-bank that keeps reserves at bank B, both banks could …

supervisory data on the quality of banks’ loan portfolio, we show that a similar portfolio of the lending and borrowing bank helps …

Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of … complex has declined. Favorable tax treatment locations still attract a significant share of the foreign bank and nonbank …

subject to the same macro shocks? This paper decomposes the comovements of bank trading losses into two orthogonal channels …

firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …

relationship with their savings bank prior to applying for a loan, default significantly less than customers with no prior …