risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due … to deposit insurance and/or enhanced capital regulation) and that internal demand for funding by banks determines rates … capitalization levels. In contrast, banks' loan growth has a causal effect on deposit rates: e.g., branches' deposit rates are …

From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three …-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three … high growth banks also have significantly higher crash risk over the three-year period. This poor performance is explained …

We investigate whether the value of large banks, defined as banks with assets in excess of the Dodd-Frank threshold for …. Many argue that large banks receive subsidies from the regulatory safety net, so they should be worth more and their … valuation should increase with size. Instead, using a variety of approaches, we find (1) no evidence that large banks are valued …

banks suffered significant outflows between June and August 2011. Due to credit market frictions, these outflows have … greater exposure to Eurozone banks decrease their holdings more than other funds. We show that relationships are important in …

than banks, but invest in the same loan facilities. In a sample of 20,031 leveraged loan facilities originated between 1997 … constraints and when capital is less available from banks …