Deposits and Bank Capital Structure

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Capital requirements, risk choice, and liquidity provision in a business-cycle model (2020, background): “Begenau, Piazzesi, and Schneider (2013) demonstrate empirically that commercial banks' use of derivatives increases the risk exposure of banks' balance sheet instead of hedging that exposure.”
Why High Leverage is Optimal for Banks (2013, unknown): “Allen and Carletti (2013) develop a segmented-markets model in which short-term bank debt is differentiated from other sources of funding. In their model, bank capital structure matters in the presence of bankruptcy costs, but the MM leverage irrelevance result applies when such costs are zero. In o”