strength and extraordinary sovereign support and provide an estimate of banks' creditworthiness. Thus, the impact of the …

We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency … risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value …

-merger profitability of targets, a decrease in the size of acquirers and a decreasing share of transactions in which banks are acquired by … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging … banks and the stock market response of rivals appear unaffected. The evidence suggests that the strengthening of merger …

banks' liabilities thereby decreasing the cost of equity relative to the cost of debt. Using a difference …-in-differences approach we assess the impact of this tax levy on banks' participation in the syndicated loan market. We further investigate … the impact of the tax levy along bank size and capital structure. We find that banks located in countries where the tax …

power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …

maturity than non-issuer firms do, suggesting an improvement in their bargaining power with banks. In addition, issuer firms …