bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes …

saliency of their professional identity and subsequently measure their risk aversion in a real stakes investment task. If bank … professional norms generally increase bank employees' willingness to take risks …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a … bank manager monitoring the bank's loan portfolio. The manager must be incentivized to warn the board before a crisis …

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks' responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

developed considering this new paradigm and discuss how institutional features relating to bank closure policy influences lender …

ratio) and size (TBA) of the industry are linked to lower sovereign risk in general. Foreign bank penetration and …