We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …

Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …

U.S. bank holding companies (BHCs) have developed a very significant nonbank footprint over the years, adding thousands …

instead that NBFI and bank businesses and risks are so interwoven that they are better described as having transformed over … contingent liquidity risk from the provision of credit lines to NBFIs; and (iii) empirical work confirms bank-NBFI linkages …

We investigate the relationship between bank complexity and bank risk-taking using German banking data over the period …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …