resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …. Second, acquirers predominantly use commercial bank advisors to obtain access to bank loans that may be used to finance the …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …

This paper examines the effects of cross-border bank mergers on the risk and (abnormal) returns of acquiring banks. We …

Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requirements. Systematic … risk factors may result in increases (decreases) in bank capital requirements when the economy is depressed (overheated …), thereby decreasing (increasing) bank lending capacity and exacerbating business cycle fluctuations. (...) …

Recent studies have expanded the commercial bank certification hypothesis to include banks acting in an underwriting …