assistance on bank risk taking. Bailed-out banks initiate riskier loans and shift assets toward riskier securities after … receiving government support. However, this shift in risk occurs mostly within the same asset class and, therefore, remains … appear safer according to regulatory ratios, but show an increase in volatility and default risk. These findings are robust …

structure to discipline banks’ risk taking. This proposal, however, has been subject to criticism related to the quality of the …, the market will be more closely followed. As a test to see how the quality of the signal may change, we evaluate the risk … indicate a superior risk-spread relationship surrounding the period of new debt issuance due, we posit, to greater liquidity …

. Consistent with such recourse, we find that conduits provided little risk transfer during the "run": losses from conduits …

for outside investors. Consistent with such recourse, we find that conduits provided little risk transfer during the run …