stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may … make banks internalizing such costs and improves the efficiency of intermediation. …

on banks' deposits, corporate groups started to maximise their use of internal sources of financing. In particular, cash …

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an …

analysis. This dataset, which contains all the relevant dimensions of systemic risk stemming from and affecting national …