) and its inverted U-shape behavior since the mid-1960s. We build a novel model of endogenous growth and bank intermediation … and introduce imperfect bank competition, bank IT adoption and bank entry, and an occupational choice that determines the …

Credit spreads on household and business loans move in lockstep and spike in every recession. We propose a theory as to …

private bank deposits are a quasi-merit good. Bank stakeholders, as the true beneficiaries of uninterrupted supply of … household savings, seek to exploit the public desire for bank stability. They join with other social and political groups to …

an active bank capital channel to assess issues regarding the transmission of domestic and foreign shocks. The … theoretical framework includes the financial accelerator mechanism developed by Bernanke, Gertler and Gilchrist (1999), the bank … important quantitative role in explaining domestic aggregates like output, consumption, inflation and total bank's lending. In …

In this paper we relate a bank’s choice between retail and wholesale liabilities to real economic uncertainty and the … resulting volatility of bank loan volumes. We argue that since the volume of retail deposits is slow and costly to adjust to … shocks in the volume of bank assets, banks facing more intense uncertainty and more volatile loan demand tend to employ more …

overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty significantly raises … positions and greater access to central bank funding …

We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven … both normal and crisis times, iii) foreign parent bank characteristics are irrelevant for the bank lending channel. We …

overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty signi cantly raises … positions and greater access to central bank funding. …

incorporating reputational considerations; a model with delegated investment as in Diamond; one with bank liabilities serving as …