financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

This paper analyzes the systemic risk effects of bank mergers to test the “concentration-fragility” hypothesis. We use … the marginal expected shortfall as well as the lower tail dependence between a bank’s stock returns and a relevant bank …

presence of a chief risk officer (CRO) in a bank’s executive board and whether the CRO reports to the CEO or directly to the … board of directors, are associated with a better bank performance during the financial crisis of 2007/2008. We measure bank …

markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …

). This is attributed to the severe political intervention and weak incentives to follow prudent bank management practices for …