corroborates this finding, showing that a bank’s shares exhibited negative abnormal returns when their directors were elected to … Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to … investigate whether the appointment of well-connected directors enhanced equity value for bank shareholders. Our analysis of panel …

The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using … risk and bank risk, with the former being overall more important in explaining bank risk, than vice versa. The paper … focuses specifically on the impact of non-standard monetary policy measures by the European Central Bank and on the effects of …

level of bank capital is. We use empirical evidence on UK banks to assess costs; we use data from shocks to incomes from a …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 …

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

contingent capital proposed in the literature, the COERC is less risky in a world where bank assets can experience sudden jumps …. A bank that issues COERCs also has a smaller incentive to choose investments that are subject to large losses. …

-financial firm and commercial bank before the crisis, but the picture was quite different for large commercial banks States and for …) banks in emerging markets with tighter bank regulation and stronger investor protection experienced significantly less …We present new stylized facts on bank and firm leverage for 2000-2009 using extensive internationally comparable micro …

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 … short-run; leverage requirements reduce default risk but may significantly reduce bank value; mispriced deposit insurance …