of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific … characteristics that distinguish banks from other corporations, and argue that these features are largely neglected in corporate …

the US banking stress tests on banks' equity prices, credit risk, systematic risk, and systemic risk during the 2009 …-13 period. We find only weak evidence that stress tests after 2009 affected equity returns of large US banks. In contrast, CDS …

Assessment of banks in the euro area. Our results suggest that banks' stock market prices and CDS spreads generally did not react … to the publication of the results of the Comprehensive Assessment. This conclusion also holds for banks with a capital … shortfall. Only for banks in some countries do we find weak evidence for (mixed) effects on stock prices, while CDS spreads for …

This paper shows that a rate hike has countervailing effects on banks' risk appetite. It reduces risk when the debt … has through bank incentives. The larger the correlation between banks' projects, the more important the role for monetary …

banks with similar balance sheets. We disentangle both effects by realising that if financial markets expect a bank …'s default to be contagious, an increase in this bank's default probability should lower other banks' market valuations. When we … regress changes in banks' market values on changes in other banks' default probabilities for the 2007-2009 financial crisis …

delegated to central banks (CBs), how these responsibilities are executed, and whether accountability arrangements are in place … accountability of the financial stability function of central banks is often poorly arranged. …