We describe and contrast three different measures of an institu (tion $ s credit risk.
HInsolvency risk" is the conditional probability of default due to deterioration of asset quality …

We provide a theoretical decomposition of bank credit risk into insolvency risk and illiquidity
risk, defining illiquidity risk to be the counterfactual probability of failure due to a run when …

We examine whether the effect of bank capital on credit growth differs depending upon the
level of liquidity in a panel of up to 521 banks from 21 European countries. We find that the …

This study aims to solve the credit problems in the supply chain commodity and currency
circulation links from the perspective of the ledger, while the game model method has been …

We develop a model where a bank's illiquidity risk stems from a coordination failure among
its creditors and where the bank's claims are priced endogenously. A bank's optimal funding …

The first part of this dissertation studies financial stability of maturity transforming institutions
(banks) under variations of capital structure. As banks are financed by more uninsured …