(systemic risk-based) capital requirements and their impact on banks' balance sheets, specifically lending, and hence the real …

more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the … lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued … important clarifications. It also triggered a migration of leveraged lending to nonbanks. While we do not find that nonbanks had …

, policymakers, and bank managers for better decision making. …

In recent decades U.S. firms increasingly finance themselves with bonds instead of bank loans, a development with … important macroeconomic implications. What causes this change in corporate debt composition? This paper finds that bank scope … expansion significantly contributes to the development. Universal banking that combines lending and underwriting reduces …

are the bank's interconnectedness to other LBO financing banks and its size. Lending experience with a specific PE sponsor … publication of the leveraged lending guideline in March 2013, the U.S. regulators show that they are especially worried about the … loan syndicates, I shed light on the impact of a bank's LBO loan exposure on its systemic risk. By using 3,538 observations …

because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy …

it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …