? To investigate this question, I exploit changes in tax rates on bank profits across U.S. states. Banks respond by …

I use geographic variation in bank lending to study how bank real estate losses impacted the supply of credit and … for bank exposure to housing shocks using shocks in distant markets, exposure based on historical lending, or exposure to …

remain "sleepy": they do not have to pay attention to transient fluctuations in the mark-to-market value of bank assets. In …

, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who …

Our paper studies the role of the collateral channel for bank credit using confidential bank-firm-loan data. We … higher growth in bank lending with higher sensitivities for more credit constrained firms. Higher real estate values boost …

worth channel, as defined by Mian and Sufi (2014), which affected the wealth of leveraged households; and a bank net worth … link between their borrowing capacity and house prices. The interaction among the housing net worth channel, the bank net … variance of housing risk and a deterioration in the collateral value of mortgages for bank funding. Both shocks are able to …

banking sector. This paper offers unique new insights for U.S. banks by using supervisory data to examine bank …