-based measures of systemic bank shocks (SBS). These measures differ from “banking crisis” (BC) indicators employed in many empirical … studies, which are constructed using primarily information on government actions undertaken in response to bank distress … that BC indicators actually measure lagged policy responses to systemic bank shocks. We then re-examine the impact of …

This study is an empirical investigation of theoretical predictions concerning the impact of bank competition on bank … banking increases, the loan-to-asset ratio will rise (under reasonable assumptions), but the probability of bank failure can … either increase or decrease. However, the probability of bank failure will fall if and only if borrowers' response to take on …

mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank … failures. In this model, there is no trade-off between bank competition and financial stability …