Abstract
“Managing Regulatory Pressure: Bank Regulation and Its Impact on Corporate Bond Intermediation” investigates the effects of key Basel regulations—the Basel capital ratio and leverage ratio—on the intermediation capacity of heterogeneously regulated dealers in the U.S. corporate bond market. “Intermediary Balance Sheet Constraints, Bond Mutual Funds’ Strategies, and Bond Returns” studies how the introduction of leverage ratio constraints on bank-affiliated dealers affects the liquidity provision and performance of bond mutual funds. “Window Dressing of Regulatory Metrics: Evidence from Repo Markets” analyzes how post-crisis regulation impacts the intermediation behavior in euro-denominated repo markets. “Exposure to Local Housing Markets and Bank Performance” investigates how mortgage lending practices by banks affect their performance.