also contributed, through the deeply subsidised bank funding it provided through the 3-year LTROs, half of a mechanism to …

default risk of entrepreneurs individually. Both banking systems compete for deposits, loans, and bank equity. While a … sophisticated system rewards entrepreneurs with low default risks by low loan interest rates, a simple system acquires more bank …

' advertising varies with the deposit market structure and whether bank profitability is influenced by advertising. My analysis … find that advertising has a positive and economically significant impact on bank profitability. These results suggest that … advertising is an important aspect of bank competition. …

particular, we show that the stock market applies far greater discounts to a bank’s real estate loans and mortgage … suggests that bank balance sheets overvalue real estate related assets during economic slowdowns. Estimated discounts are … impairment. We also find that bank share prices, especially for banks with large exposures to mortgage-backed securities, react …

liability of banks and the presence of a negative externality of one bank’s failure on the health of other banks give rise to a … risk. Regulatory mechanisms such as bank closure policy and capital adequacy requirements that are commonly based only on a … bank’s own risk fail to mitigate aggregate risk-shifting incentives, and can, in fact, accentuate systemic risk. Prudential …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

factors: cross-border externalities from bank failures and heterogeneity in bank failure costs. Based on a simple model we …

A regulator resolving a bank faces two audiences: depositors, who may run if they believe the regulator will not …