by increasing the borrowers' default risk. The impact of EPU on banks' loan pricing remains persistent after controlling … for banks' own idiosyncratic default risk and the political risk variables from ICRG database. Results remain robust when …, our results suggest that government economic policy uncertainty is an economically important risk factor for banks' loan …

This paper provides a comparison of the effects of economic uncertainty and geopolitical risks on bank credit growth …. We use the World Uncertainty Index (WUI) proposed by Ahir et al. (2018) and Geopolitical Risk Index (GPR) introduced by … composed of 2,439 banks from 19 emerging economies for the period of 2010-2019. By using fixed effects and dynamic panel data …

Can the risk of losses upon premature liquidation produce bank runs? We show how a unique run equilibrium driven by … asset liquidity risk arises even under minimal fundamental risk. To study the role of illiquidity we introduce realistic … not available in a run, asset liquidity risk has a concave effect on run incentives, quite unlike fundamental risk. Runs …

management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial … heterogeneity in the balance sheet characteristics that affect banks' responses to liquidity risk. Overall, bank balance sheet …Activities of international banks have been at the core of discussions on the causes and effects of the international …

We investigate the impact of the 2014 Interagency Clarification on the leverage risk premium for bank- and nonbank … protection, is strongly associated with a narrower leverage risk premium …

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … in response to changes in uncertainty. Among high risk borrowers or areas with more high risk borrowers, increased …

component and asset risk component of the risky lending gap, capital injections versus asset purchases as policy tools …, decomposition of the effects of asset purchases into loan substitution and risk absorption effects, the supply schedule of risky … lending, the no-lending trap, and a risk-capital metric for comparing the various policy choices. The model is calibrated to …

management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial … heterogeneity in the balance sheet characteristics that affect banks' responses to liquidity risk. Overall, balance sheet …Activities of international banks have been at the core of discussions on the causes and effects of the international …

behavior. A line of credit appears in the optimal long term contract similar to (DeMarzo and Fishman, 2007). The novelty of the … contract is that the credit limit varies over time, as a function of the state of volatility. Credit limit does not vary … monotonically over firms. When uncertainty increases, credit limits are reduced for highly constraint firms, because the frictions …