investigated for legislative and executive branch bodies, far less attention has been paid to its potential impact on central bank … Federal Reserve and the European Central bank first shows a light treatment of revolving door-related issues. Recent economic …

We analyze the effects of monetary policy on nonbank and bank credit supply to firms and households, in particular the … increase risk-taking in bank loans, we find that higher monetary policy rates lead to an expansion of credit supply and more … borrowers. Second, nonbanks reduce the effectiveness of the bank lending channel of monetary policy at the loan-level. However …

This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state … bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as …

-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …