, thus suggesting a weak signalling role of PE towards banks. …

We study the macroeconomic effects of bank capital requirements in an economy with two banking sectors. Banks are … connected through a wholesale funding market. Anticipated banking crises occur endogenously in the form of self …-fulfilling wholesale funding rollover crises. Retail bank capital requirements can reduce the frequency and severity of banking crises …

compares the effects of competition and collaboration between banks and fintechs on stability and efficiency. Using a partial …-Miera and Repullo (2017), this paper shows that cooperation between banks and fintechs increases stability and efficiency …

When banks are faced with a funding shortage in money market wholesale funding, they partly substitute by tapping other … implications, which go beyond the balance sheets of banks affected by the funding shortage. Banks which are forced to seek … alternative funding sources ("affected" banks) crowd out other initially unaffected banks, which pay substantially more to retain …

that eliminates the debt bias in corporate taxation. Such a reform reduces bank leverage. This paper emphasizes a novel …, complementary channel: bank risk taking. We model the portfolio choice of banks under moral hazard and thereby highlight the …

We show that nonbanks (funds, shadow banks, fintech) reduce the effectiveness of tighter monetary policy on credit … since 1990s and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to less …

crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and … propose a simple theoretical framework to retrace the decision making of multinational banks in a changing regulatory and … effect on the profitability of banks' domestic and foreign lending operations. Due to lower inherent information costs, banks …