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 …

We assess the determinants of banks' liquidity holdings using balance sheet data for nearly 7000 banks from 30 OECD … banks' liquidity risk management. Our main question is whether the presence of liquidity regulation substitutes or … complements banks' incentives to hold liquid assets. Our results reveal that in the absence of liquidity regulation, the …

leaders' and the followers' banks. In a second treatment followers know that there are economic linkages between the leaders …' and the followers' banks. Our results suggest that deposit withdrawals are strongly contagious across banks only when … depositors know that there are economic linkages between banks. The contagion of withdrawals is by a change in beliefs about bank …

How damaging is competition between bank regulators? This paper develops a model in which both banks' risk profile and … their access to wholesale funding are endogenous. Regulators weigh not only welfare, but also the number of banks under …

indicate that the monetary stance in the US and the Euro area has not adequately traded off price stability against financial …

This paper investigates the determinants of commercial banks' own internal capital targets and potential sensitivity of … these levels to the business cycle . World-wide results make clear that banks' own risk is only slightly dependent on the … business cycle. Banks tend to hold substantial capital buffers on top of minimum requirements, reflecting that they hold …

The Diamond-Dybvig model provides an explanation for: (1) the existence of banks as a risk sharing agreement between …