tests, asking do they add value to the information available in the bank capital ratios observed at the start of the stress … holding of domestic government bonds all require a bank-specific approach in the supervisory review and evaluation process …

the sovereign debt crisis. This paper investigates the impact of this announcement on bank share prices, bank CDS spreads … and sovereign CDS spreads. The main private beneficiaries were bank creditors, especially of banks heavily exposed to … CDS spreads. The combined gains of bank debt holders and shareholders exceed the increase in the value of their sovereign …

on corporates and the existence of a ‘bank tax'. These are complementary to the four explanations offered in the … (ESBies) by banks in low-rated countries. Bank regulations such as constraints on large exposure or risk-based capital on …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …

The bank literature has documented theoretical and empirical evidence of a “diabolic loop” in the sovereign-bank nexus … contributing to bank stability. But will a supply of ESBies create its own demand? The paper offers two new explanations for the … home bias in banks' government bond holdings: a sovereign-based rating cap on banks and the existence of a ‘bank tax …