Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and … caps of 2016. Using bank-level panel data from before and after the caps, the paper identifies a significant decline in … of commercial bank executives, and have important implications for economic growth and financial inclusion …

average bank has a large notional amount of swaps-- $434 billion, or more than 10 times assets. But after accounting for the … significant extent to which swap positions offset each other, the average bank has essentially no net interest rate risk from … banks, with some bank swap positions decreasing and some increasing with rates, but aggregating swap positions at the level …

fair value would not fairly represent a bank's business model. In this study we examine whether financial statements using … measures we consider are bond yield spreads and future bank failure. We find that leverage measured using the fair values of … financial instruments explains significantly more variation in bond yield spreads and bank failure than the other less fair …

We present a theory in which the key driver of short-term debt issued by the financial sector is the portfolio demand …