College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

-sized banks. We use a newly available dataset on commercial loan losses from failed banks that were resolved by the FDIC using … relationship between LGD and default date, workout period, loan modification, asset size, bank characteristics, geography, lien … testing for smaller banks. To the best of our knowledge, this paper also offers the first published empirical analysis of LGD …

for banks and nonbanks, and an empirical setting with quasirandom shocks to firm profitability. Although credit migrates … from banks to nonbanks, zombie firms file for bankruptcy at an elevated rate, suggesting that nonbanks' zombie lending does …We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of …

case of free riding. As the number of lending banks grows, the chance of meeting again a bank and of being punished for …. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in … restructuring probability increases with the number of banks up to a threshold - three banks - beyond which coordination problems …

USA banking industry. The findings show that bank capital and credit risk influence profitability in Asian developed … economies similar to in the USA commercial banks, whereas the impact of liquidity on the profitability of the USA large … is similar for large, small and medium-size banks. The results of this paper indicate that liquidity and bank capital …

In this paper, we show that when banks increase their use of wholesale funding they shorten the maturity of loans to … corporations. This effect appears to be linked to banks' exposure to rollover risk resulting from their increasing use of short …-term uninsured funding. Banks that use more wholesale funding shorten both the maturity of newly issued loans and the maturity of …

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the … outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience …

prominent feature of the U.S. economy and that U.S. banks do not lend to such firms. Using confidential supervisory data on firm-bank … industries. Banks---including the weakly capitalized ones---reduce their exposure to firms that transition into zombie status … identify levered firms that transition into zombie status and banks that suffer loan losses on their balance sheets. In …

banks, the distribution of lending shares, and the severity of the distress shock. …