Mitchener, Kris James; Vossmeyer, Angela - 2023
financial crisis of the 20th century – the Great Depression. Using balance-sheet and systemic risk measures at the bank level … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the … crisis. A key mechanism driving the redistribution of risk was bank acquisition. Each acquisition increases the balance …