This paper studies the relationship between the asset-liability mismatch and the losses on bank failures over the last 20 years in the U.S. banking system. We first develop a simple theoretical model in which banks can choose to misreport their losses to the regulator if they draw sufficiently...

This paper suggests a novel approach to measuring fraud in banking. It explores a unique evidence of declining regulatory forbearance in the Russian banking system in the 2010s and its implications for the performance of weak but not yet detected private banks. Using the data on bank closure...

In 2013, the Central Bank of Russia started revoking licenses from fraudulent banks. By 2020, two-thirds of all operating banks had been shuttered. We analyze this unique period in history with credit register data. Following “sin” bank closure, poorly-performing “bad” firms rush to...

How large are the macroeconomic effects of financial sanctions and how one can distinguish the sanction shocks from other aggregate shocks affecting the economy at the same time? We employ a Bayesian (S)VAR model to estimate the effects of the Western financial sanctions imposed on the Russian...

Bank credit growth is non-monotonically related to recession risk in a sample of 25 emerging and developed economies: within a year, credit expansions decrease the likelihood of recessions by up to 4 p.p., whereas in the longer run---within three years---they raise the recession risk by nearly...

This article is focused on analysis of foreign banks expansion to Russian banking sector and its influence on sector's basic indicators. It compares banking sectors of developing countries to find out the most attractive ones for further increasing of foreign investment. Then it analyses the...

This paper investigates the influence of both concentration and foreign banks expansion in Russian banking sector on the level of its competition. The estimation of competition is based on widely used non-structural methodology of Panzar-Rosse H-statistic (Rosse, Panzar, 1977; Panzar, Rosse, 1987)...