Author(s):Lara Coulier, Cosimo Pancaro, Livia Pancotto & Alessio Reghezza Date:November, 2025 Abstract: How do banks manage the behavioural maturity of non-maturing deposits (NMDs)? Using a rich and confidential dataset, we investigate how banks model deposit maturities based on internal assumptions. Although NMDs are contractually floating-rate liabilities with zero maturity, banks reallocate them across different maturity[…]

Author(s):Sergio A. Correia, Stephan Luck & Emil Verner Date:October, 2025 Abstract: This paper studies the role of banking supervision in anticipating, monitoring, and disciplining failing banks. We document that supervisors anticipate most bank failures with a high degree of accuracy. Supervisors play an important role in requiring troubled banks to recognize losses, taking enforcement actions,[…]

Author(s):Matthew Baron, Luc Laeven, Julien Pénasse & Yevhenii Usenko Date:September, 2025 Abstract: We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in restoring bank capitalization. We find that bank stocks experience large, permanent declines at the onset of crises. These losses predict commensurate long-term[…]

Author(s):Daniel Dias, Tim Schmidt-Eisenlohr Date:August, 2025 Abstract: We estimate the uninsured deposit premium – the difference between the rates paid on uninsured versus insured deposits – by linking observed average deposit rates to an estimated share of uninsured deposits. Using U.S. bank data from 1991 to 2025, we show that the average uninsured deposit premium[…]

Author(s):Angelos Athanasopoulos, Nicolò Fraccaroli, Andreas Kern & Davide Romelli Date:July 25, 2025 Abstract: This paper studies the impact of central bank independence on sovereign borrowing, using an index that captures institutional constraints on central bank lending to the government across 155 countries from 1972 to 2023. The findings show that tighter lending to the executive[…]

Author(s): Iñaki Aldasoro, Sebastian Doerr and Karamfil Todorov Date:July 9, 2025 Key Takeaways: Link:BIS Bulletin No 106: Retail investors in private credit

Author(s):Karsten Müller, Chenzi Xu, Mohamed Lehbib & Ziliang Chen Date:February 11, 2025 Abstract: The Global Macro Database is an open-source, continuously updated dataset of macroeconomic statistics that unifies and extends existing resources. By harmonizing and integrating data from 32 major contemporary sources—including the IMF, World Bank, and OECD—with historical records from 78 additional datasets, we[…]

Author(s):Ralph De Haas, Mikhail Mamonov, Alexander Popov & Iliriana Shala Date:December 7, 2024 Abstract: How do violent conflicts affect cross-border lending? Using data on syndicated loans by over 14,000 creditors to firms in 179 countries between 1989-2020, we find that when violent conflict erupts in a country, foreign banks reduce overall lending relative to domestic[…]

Author(s):Rustam Jamilov, Tobias König, Karsten Müller, and Farzad Saidi Date:November, 2024 Abstract: We study bank runs using a novel historical cross-country dataset that covers 184 countries since 1800 and combines a new narrative chronology with statistical indicators of bank deposit withdrawals. We document the following facts: (i) the unconditional likelihood of a bank run is[…]

Author(s):Gustavo Cortes and Cameron LaPoint Date:November, 2024 Abstract: Does the housing market lead the financial cycle? We address this question by creating a new hand-collected database spanning a century of monthly building permit quantities and valuations for all U.S. states and the 60 largest MSAs. We show that the option to build embedded in permits[…]