crisis. The key to these findings is that the model generates the sustained low level of interest rates observed over that …

amount of regulatory capital, and therefore, more adversely affected by the credit crisis. Our empirical evidence supports …

the housing crisis by allowing buyers to purchase homes with small down payments. At the top of the housing market second …

' assets and liabilities, including during the recent global financial crisis. We also create a Safety Net Index capturing the … insurance has become more widespread and more extensive in coverage since the global financial crisis, which also triggered a … since been formally removed but coverage of deposit insurance remains above pre-crisis levels, raising concerns about …

-particularly for the pre-crisis period 2003--7 for which incentive pay was strongest. This result is robust if we instrument the bonus …. Moreover, pre-crisis incentive pay appears too strong for an optimal trade-off between trading income and risk which maximizes …