also tested and compared with the proposed model. We did not find evidence to support tax theory or to support the … operational argument of transaction cost theory. We find weak evidence to support the liquidity theory, while the asymmetric … information theory was confirmed. A comparison between the agency model proposed and traditional models concluded that the Agency …

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and … liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare …

supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data …

This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers …

additionally reducing the available bank credit to firms through a "deposit run". Empirical results from a VAR model broadly …

rules, supervision, and market discipline-of the bank regulatory framework envisioned by the New Basel Accord (Basel II). It …

Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be … capital-constrained banks, a "credit crunch". This paper develops a bank model to study credit crunches and their real effects …