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 …

factors to affect the banks. The model uses Bayesian Model Averaging (BMA) of Locally Weighted Regression models (LOESS), i …

Europe’s financial structure has become strongly bank-based – far more so than in other economies. We document that an … paper concludes by discussing policy solutions to Europe’s “bank bias”, which include reducing regulatory favouritism …

Europe's financial structure has become strongly bank-based – far more so than in other economies. We document that an … paper concludes by discussing policy solutions to Europe's “bank bias”, which include reducing regulatory favouritism …

-Debreu and Autarky equilibriums. First, this illustrates how financial innovation or financial regression, including systemic …

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

We propose a framework for testing the effects of changes in bank resolution regimes on bank behaviour. By exploiting … the differential relevance of recent changes in U.S. bank resolution (i.e., the introduction of the Orderly Liquidation …

' tightening on bank probabilities of default is positive albeit statistically insignificant, suggesting that risk-taking may crowd …