first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …

Loan syndication increases bank interconnectedness through co-lending relationships. We study the financial stability … on a common risk management tool such as value-at-risk (VaR). This is because a withdrawal of a bank from a syndicate can …

community worldwide. We think of them as giant matrices that track the bilateral (firm-level) exposures of banks, non-bank …

extraordinary government intervention, which included the guarantee of all liabilities of the bank and a commitment to provide …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …

counter-cyclical capital schemes is whether conditioning variables are bank-specific or system-wide. The evidence presented in … the paper indicates that the idiosyncratic component can be sizable when a bank-specific approach is used. This makes a …