Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …

The recent global financial crisis has highlighted the importance of the procyclicality of the
financial sector. The procyclicality has transformed banks from mitigation mechanisms to …

This paper introduces an extension of a well-known Multiple Criteria Decision Aiding
method, namely the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) …

This paper models the inner workings of relationship lending, the implications for bank
organisational structure, and the effects of shocks to the economic environment on the …

Potential diversification benefits are one reason why US financial holding companies are
offering a growing range of financial services. This paper examines whether the observed …

In recent decades, developments in the financial sector have played a major role in shaping
macroeconomic outcomes in a wide range of countries. Financial developments have …

We test hypotheses about the effects of bank size, foreign ownership, and distress on
lending to informationally opaque small firms using a rich new data set on Argentinean …

We study the effects of regulatory interventions and capital support (bailouts) on banks'
liquidity creation. We rely on instrumental variables to deal with possible endogeneity …

The savings/investment process in capitalist economies is organized around bank-like
financial intermediaries (“banks”), making them a central institution of economic growth …

The potential failure of a large bank presents vexing questions for policymakers. It poses
significant risks to other financial institutions, to the financial system as a whole, and possibly …