widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …

by only comparing different branches of the same bank. Since deposits are the main source of liquid assets for households …. Since deposits are also a uniquely stable funding source for banks, the deposits channel impacts bank lending. When the Fed … estimates imply that the deposits channel can account for the entire transmission of monetary policy through bank balance sheets …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

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 …

income gap. Secondly, we show that income gap also predicts the sensitivity of bank lending to interest rates. Quantitatively …, a 100 basis point increase in the Fed funds rate leads a bank at the 75th percentile of the income gap distribution to … increase lending by about 1.6 percentage points annually relative to a bank at the 25th percentile …

and central bank conservatism on economic performance. Several striking conclusions emerge. In relatively centralized … of central bank conservatism. A radical-populist central banker who cares not at all about inflation (alternatively, who …

averse banks. The effects of changes in bank net worth and bank's risk perceptions are also analyzed. In deep recessions …

composition of bank portfolios. According to the credit rationing view, equilibrium credit rationing in a world of asymmetric … institutional features of the national banking era. Most of the variation in bank loans is accounted for by loans secured by stock … the VAR model is greatly reduced, while the influence of money remains robust. The breakdown of the composition of bank …

Three possible explanations for the emergence of the Canadian central bank in 1935 are examined: that it reflected the …