in line with the economic conditions they face. Bank responses feed back to the macroeconomic environment affecting …

This paper addresses the trade-off between additional loss-absorbing capacity and potentially higher bank risk …

results enhanced price discrimination as the impact on bank CDS spreads and equity prices tended to be stronger for the weaker …

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …

. Second, while higher bank capital requirements decrease default risk and funding costs, they make it also more profitable to …

estimated while controlling for the macroeconomic environment. An increase in bank' balance sheet risk is shown to increase the …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …