been a persistent decline in average bank interest margins. In the literature, these phenomena are often explained using a … dataset with bank-level data on over 16,000 FDIC-insured U.S. commercial banks for a period ranging from 1992 to 2010, this … paper qualifies this chain of causality. We find that a bank's business model, measured using a multi-dimensional proxy of …

bank's volatile liabilities are covered by its stock of liquid assets. We show that the standard factor models -- even when … augmented with bond risk, market liquidity, and financial-size factors -- do not fully explain the cross section of bank stock … risk banks delivers a statistically significant alpha of 6 percent annually. This effect is not driven by bank …

consider a large panel of international banks and find that, after controlling for a number of bank and country characteristics …

bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …

bank business models. Therefore, we assemble a data set of balance sheet positions including maturities and use the method …

The cost of bank funding on money markets is typically the sum of a risk-free rate and a spread that reflects rollover … usefully complements its spot equivalent, the IBOR-OIS spread, in the monitoring of bank funding risk in real time. First, it … power for economic growth and bank lending in the United States and the euro area than the spot IBOR-OIS, credit default …