conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and …

We examine the link between bank competition and financial stability using the recent financial crisis as the setting …

This paper studies how organizational downsizing in a bank affects loan officer specialization and the credit default …

We test whether bank loans change public bond yields. A 10% increase in bank debt raises bond yields by 15bps …, reflecting a trade-off between the benefits of bank cross-monitoring and higher bond risk. This effect is smaller for firms with … no CDS and junk debt, where bank monitoring is most valuable. It is unlikely that firms with bank debt are riskier …

Does relationship bank oversight improve firm operational efficiency and reduce default risk? I find that a new loan … from a relationship bank improves the technical efficiency of inefficient firms that have an elevated probability of … in the years following new relationship bank loans, benefiting both banks and borrowers. Thus, the benefits of …

We examine whether corporate bankruptcies influence bank loan characteristics of geographically proximate firms …

competing risks model applied to whole credit risk cycle into a bank loans portfolio. We estimated competing causes related to …

This paper analyzes the relationship between the likelihood that Italian firms implement bank debt restructuring and …

transmission channels from macroeconomic and idiosyncratic (bank idiosyncratic risks) factors to liquidity runs. By using the …