banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of bank reserves. We … term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy …

progress towards a "pecking order theory" for private recapitalizations, our benchmark model identifies equity issuance as …

We propose a theory of bank behaviour under capital requirements that accounts for both risk-shifting incentives and … debt overhang considerations. A key result is that the bank's lending response to an increase in the requirement need not … be negative. The sign and the magnitude of the response depend on the bank's balance sheet and economic prospects, and …

How do near-zero interest rates affect bank competition, risk taking and regulation? I study these questions in a … insurance may induce excessive risk taking. The zero lower bound on deposit rates (ZLB) distorts bank competition and boosts …

to be larger at banks more constrained ex ante by the leverage limit. Despite increased asset risk, overall bank risk … suggest that the recent recalibration will curb those incentives without necessarily increasing bank risk. …

This paper investigates both the magnitude and the drivers of bank window dressing behaviour in euro-denominated repo …