We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from … Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank … reserves exempt from negative rates. More affected banks reduce costly reserves and bond financing while maintaining non …

Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a …

a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign …-owned banks, whose deposit insurance regime does not change, serve as a control group. …

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …

and the government guarantees bank's liabilities, we show first that more generous bailouts may or may not induce banks to … loose and more generous bailouts induce banks to take on more risk. If systematic risk is high and the optimal liquidity … policy is tight, less generous bailouts induce banks to take on less risk. However, when high systematic risk makes a very …