take the lead in initiating restructuring and the design of a new, viable capital structure. Such a lead bank is much more …

ex-post aspect, in which the failure of a bank brings down a surviving bank as well, and second, the ex-ante aspect, in … which banks endogenously hold correlated portfolios increasing the likelihood of joint failure. When bank loan returns have … a systematic factor, the failure of one bank conveys adverse information about this systematic factor and increases the …

(particularly) interstate liberalization of bank branching restrictions. This effect arises primarily from convergence in the …

This paper focuses on bank rescue packages and on the behaviour of troubled banks in light of rescue offers. A puzzling … feature of experience with banking crises is that in many cases policy authorities make offers of bank rescue, and banks are … reluctant to accept these offers. We study situations in which regulators have decided to offer bank rescue plans, and we show …

owners. Our analysis casts light on the real effects of bank deregulation, on the risk sharing function of banks, and on the … integration of bank markets. …

We analyse a model in which bank deposits are insured and there is an exogenous cost of bank capital. The former effect … results in bank over-investment and the latter in under-investment. Regulatory capital requirements introduce investment … upon the home bank’s riskiness, the extent of international diversification, and the liability structure (branch or …

literature has mainly used aggregate measures of overall bank lending to the private sector. We construct a new dataset from 45 … developed and developing countries, decomposing bank lending into lending to enterprises and lending to households and assess …

default probabilities for both firms and banks, and allow for bank regulation and liquidity injection into the interbank …