of the MES on bank characteristics, we first find that the MES can be roughly rationalized in terms of standard balance … sheet indicators of bank financial soundness and systemic importance. We then ask whether the cross section of the MES can …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on …

, we show that the economic impact of changes in bank capital requirements depends on the state of the macro …, the impact on bank loan supply works through a ”pricing channel” which is small: around 0.1% less loans for a 1pp increase …

methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the … growth rate of individual loans in our dataset is decomposed into bank, firm, industry and common shocks. Adverse bank shocks …

trends. When shocks hit their profits, banks tend to adjust retained earnings to smooth dividends. This generates bank equity …

The banking system is modeled in a closed system of financial accounts, whereby the equilibrium volume of bank … facility rate of the central bank. The model also allows understanding the link between this difference (the width of the … central bank standing facilities corridor) and the stance of monetary policy, and how this link changes during a financial …

reallocates mostly towards safer producers. Lending standards propagate bank capital shortfalls through labor misallocation … increasing. Finally, with endogenous lending standards, first-moment bank capital shocks look like second-moment shocks …