Demirgüç-Kunt, Asli; Huizinga, Harry - In: Journal of Banking & Finance 37 (2013) 3, pp. 875-894
Deteriorating public finances around the world raise doubts about countries’ abilities to bail out their largest banks. For an international sample of banks, this paper investigates the impact of bank size and government deficits on bank stock prices and CDS spreads. We find that a bank’s...