Online banking has become an important distribution channel for commercial banks. We construct a bank-specific indicator of online channel adoption to study the risk and return of online channels based on a sample of 118 Chinese banks in the period 2002-2016. Our empirical results find that...

This study assesses the effectiveness of macroprudential policy and "helicopter drops" in a DSGE model with dual financial frictions, focusing on rare risk events' impact on business conditions. The research reveals that rare events increase operating risk, leading to more significant effects on...