The dramatic increase in securitisation activity experienced in Europe in the years following
the introduction of the euro has altered the liquidity, credit and maturity transformation role …

Banks' exposure to large-scale asset purchases, as measured by the relative prevalence of
mortgage-backed securities on their books, affects lending following unconventional …

We collect detailed qualitative information from financial filings to categorize financial
constraints for a random sample of firms from 1995 to 2004. Using this categorization, we …

Post-crisis stress tests have altered banks' credit supply to small business. Banks most
affected by stress tests reallocate credit away from riskier markets and toward safer ones …

Using exogenous liquidity windfalls from oil and natural gas shale discoveries, we
demonstrate that bank branch networks help integrate US lending markets. Banks exposed …

The regulation of bank capital as a means of smoothing the credit cycle is a central element
of forthcoming macro‐prudential regimes internationally. For such regulation to be effective …

Using novel data on bank applications to the Troubled Asset Relief Program (TARP), we
study the effect of government assistance on bank risk taking. Bailed-out banks initiate …

Global banks played a significant role in the transmission of the 2007 to 2009 crisis to
emerging market economies. We examine the relationships between adverse liquidity …

We study the transmission channels from central banks' quantitative easing programs via the
banking sector when central banks start purchasing corporate bonds. We find evidence …

Globalization of banking raises questions about banks' liquidity management, their response
to liquidity shocks, and the potential for international shock propagation. We conjecture that …