voluntary federal government employee retirement savings vehicle called the Thrift Savings Plan. The G-Fund is managed as …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

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 …

We propose a dynamic bank theory with a delayed loss recognition mechanism and a regulatory capital constraint at its … core. The estimated model matches four facts about banks' Tobin's Q that summarize bank leverage dynamics. (1) Book and … market equity values diverge, especially during crises; (2) Tobin's Q predicts future bank profitability; (3) neither book …

', if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second …

Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …