crises originating from coordination failures among bank creditors. The second one deals with frictions in credit and …

exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity … triggered by the collapse of Silicon Valley Bank. ROE predicts systematic tail risk much better than conventional measures based …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

We study the corporate-loan pricing decisions of a major Greek bank during the Greek financial crisis. A unique aspect … of our dataset is that we observe both the interest rate and the "breakeven rate" of each loan, as computed by the bank …

A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities …

about quarter of assets for an average bank and about $2.7 trillion of bank assets in the aggregate. Using loan-level data … close to what one saw in the Great Recession on the lower end -- would result in about $80 ($160) billion of additional bank … losses. If CRE loan distress would manifest itself early in 2022 when interest rates were low, not a single bank would fail …

fundamentals with firm-quarter fixed effects; thus, identification comes from a firm's choice to default against one bank versus … bank relationships comes into doubt …

We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can …