smooths the impact of credit losses on profits and capital resources, reducing the procyclicality of capital and leverage …

with endogenous financial frictions, driven by credit risk, bank losses and bank capital costs. These frictions induce … financial accelerator mechanisms and motivate the examination of a macroprudential toolkit. Following credit shocks …

considerations influence credit allocation in a politically mature system like the United States without the formal possibility of …

Recent empirical evidence on the cross-country synchronization of credit spreads in response to US monetary policy … shocks has led to the notion of an ‘international credit channel' of US monetary policy. This paper provides novel evidence … on the existence of an international credit channel for the transmission of US financial shocks across borders, and …

prudential regulators are increasingly focused on early recognition of credit losses and enhanced disclosure. A common approach …

prudential regulators are increasingly focused on early recognition of credit losses and enhanced disclosure. A common approach …

find that credit booms, property price booms and wide current account deficits each pose material downside risks to growth …

This paper examines how the interbank network structure influences banks’ credit supply to the real economy. Using the …