removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …

performance. Our theoretical analysis focuses on bank incentives to manage bad loans. We show that interventions involving bank … perspective, in particular how do they affect recession duration? We find that bank restructuring, which includes bank … but smaller. Blanket guarantees on bank liabilities and monetary policy do not have a significant effect. …

-term resilience. We investigate the effects of such liquidity regulation on bank liquid assets and liabilities. Results indicate co …

We analyze the interaction between bank rescues, financial fragility and sovereign debt discounts. We construct a model … is short term. Interest rates on debt reflect higher default probabilities, but because all debt is short term, bank … long term government debt is introduced, the possibility of capital losses on bank balance sheets arises. Then outcomes …

equilibria. The paper presents a simple Diamond (1982) type of model where firms must find an (investment) bank to finance their …