fixation length tracks the life-cycle decline of credit risk in the mortgage market: the loan-to-value (LTV) ratio decreases …-LTV borrowers, who pay large initial credit spreads, trade off their insurance motive against reducing credit spreads over time …

Using regulatory data on credit unions, this paper provides empirical evidence on the determinants of credit union …, earnings performance and liquidity is useful for early identification of troubled credit unions. In and out-of-sample results … early warning criteria for supervisory use in monitoring credit unions …

regulator finds it ex-post optimal to bail out some or all failed banks, whereas when the number of bank failures is small …, failed banks can be acquired by the surviving banks. This gives banks incentives to herd and increases the risk that many … banks may fail together. The ex-post optimal regulation may thus be time-inconsistent or sub-optimal from an ex …

losses transmitted after banks default, but also for losses due to the fact that creditors revalue their exposures when … becoming negligible. By decomposing the change in losses into two main contributions — the increase in banks' capital and the … capital among banks is also important …

This paper examines the determinants of credit union failure in the United Kingdom. Using regulatory data on credit … liquidity is useful for early identification of troubled credit unions. Both in and out-of-sample results indicate that this … for supervisory use in monitoring credit unions …

as market-wide and country-specific measures of liquidity and credit quality. We apply our methodology to generate … Italian and Spanish liquidity and credit variables and evaluate the impact of these shocks on several bond portfolio … strategies. The empirical findings suggest that both country-specific liquidity and credit measures are important in explaining …