Book of Donmon Teith

This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between ba

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on l

We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition in

This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit

This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of failure. There is a large existing literatu