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Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?
We identify the effects of monetary policy on credit risk-taking with an exhaustive credit register of loan applications and contracts. We separate the changes in the composition of the supply ofExpand
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Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel,Expand
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What Determines the Number of Bank Relationships? Cross-Country Evidence
We investigate the determinants of multiple-bank relationships using a new data set comprised of 1129 firms across twenty European countries. We first document large cross-country variation in theExpand
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The duration of bank relationships
Abstract We analyze the duration of bank relationships using a unique panel data set of listed firms and their banks from the bank-dominated Norwegian market. We find that firms are more likely toExpand
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Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments
To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning. Introduced in Spain in 2000, revised four times, and tested in itsExpand
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Monetary Policy, Risk-Taking, and Pricing: Evidence from a Quasi-Natural Experiment
Methods and apparatus are presented that facilitate electrophoresis of prior-cast, hydratable separation media, usefully immobilized pH gradient (IPG) strips. The method exploits the swelling ofExpand
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The Impact of Competition on Bank Orientation
How do banks react to increased competition?Recent banking theory offers conflicting predictions about the impact of competition on bank orientation - i.e., the choice of relationship based versusExpand
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Competition and regulation in the banking sector: A review of the empirical evidence on the sources of bank rents
We combine recent findings from the empirical banking literature with established insights from studies of banking competition and regulation. Motivated by modern theory of financial intermediationExpand
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Regular ArticleWhat Determines the Number of Bank Relationships? Cross-Country Evidence☆
We investigate the determinants of multiple-bank relationships using a new data set comprising 1079 firms across 20 European countries. We document large cross-country variation in the average numberExpand
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When the Cat's Away the Mice will Play: Does Regulation at Home Affect Bank Risk Taking Abroad?
This paper provides the first empirical evidence that bank regulation is associated with cross-border spillover effects through the lending activities of large multinational banks. We analyzeExpand
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