We analyze a dynamic credit market where banks choose lending standards, modeled as
costly effort to screen out bad borrowers. Tighter standards worsen the borrower pool …

Although a vast theoretical literature suggests that banks' screening and monitoring skill
makes them special, there is limited direct evidence on the level and sources of value …

A dynamic model featuring multiple job tasks shows the fundamental role of human capital
associated with Information and Communications Technology (ICT) in shaping firms' remote …

This dissertation explores different aspects of risk measurement in banks, including the risk-
adjusted returns of bank lending activities, the financial returns earned by taxpayers on …