on solvent banks leading to bank panics. But financial crises of the last two decades have not fit the mold. A new …

measures of the asset and liability characteristics of the bank; a second employs these characteristics and other data taken … from annual reports; a third model adds the history of the behavior of the price at the bank's common stock. The central … estimated in this way can serve a useful function in monitoring bank risk. Further, the predictive significance of each variable …

We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …

, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have … such a reward. A well-governed bank takes the amount of risk that maximizes shareholder wealth subject to constraints … cost effective to do so. The role of risk management in such a bank is not to reduce the bank's total risk per se. It is to …

allows us to show how bank-level risk management considerations should factor into the pricing of those risks that cannot be …

, focusing on short-term gains but risking further losses if rates rose. Instead of hedging the market value risk of bank asset … fluctuations. More vulnerable banks were more likely to reclassify. Extending Jiang et al.'s (2023) solvency bank run model, we …

typical bank loan maturities; (ii) incorporate bank-lending responses to climate risks; (iii) assess the adequacy of climate …