proxied by the Z-score and the Merton’s distance to default measure, for an international sample of banks over the 2004 …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that … are large and located in countries with sound public finances, as banks aim to exploit the financial safety net. ‘Good …

Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to … corroborates this finding, showing that a bank’s shares exhibited negative abnormal returns when their directors were elected to …

and banks. Finally, we find spillover effects in particular from sovereigns in the euro area periphery to the core …

This paper reports estimates of the long-run costs and benefits of banks funding more of their assets with loss … of the benefits from having banks use more equity no estimate of costs--however accurate--can tell us what the optimal … level of bank capital is. We use empirical evidence on UK banks to assess costs; we use data from shocks to incomes from a …

We document that trust in public institutions--and particularly trust in banks, business and government--has declined …

-financial firm and commercial bank before the crisis, but the picture was quite different for large commercial banks States and for … investment banks worldwide. We document the following patterns: a) there was an increase in leverage ratios of investment banks … and financial firms during the early 2000s; b) there was no visible increase for commercial banks and non-financial firms …

We develop a dynamic model to assess the effects of liquidity and leverage requirements on banks' insolvency risk. The … model features endogenous capital structure, liquid asset holdings, payout, and default decisions. In the model, banks face …