pre-crisis data, in order to study the impact of government guarantees on bank performance during a crisis. Using bank … private sector bank branches in districts with greater exposure to state-owned banks experienced deposit withdrawals and … shortening of deposit maturity. In contrast, nearby vulnerable state-owned bank branches grew their deposit base and increased …

, eventually, greater reliance on liquidity support from the European Central Bank …

We study the crash of bank stock prices during the COVID-19 pandemic. We find evidence consistent with a "credit line …, even after policy measures were implemented. We conclude that bank provision of credit lines appears akin to writing deep … can be incorporated tractably into bank capital stress tests …

behavior. By paying out dividends, a bank transfers value to its shareholders away from creditors, among whom are other banks …. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative … externalities are strong and bank franchise values are not too low, the private equilibrium can feature excess dividends relative to …

hedge to fund drawn credit lines and other commitments. We shed new light on this issue by studying the behavior of bank …

-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …