. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving … was lower, and loan rates were higher for banks with higher bailout expectations. The interest margins of unsupported …

This paper examines common regulation as cause of interbank contagion. Studies based on the correlation of bank assets … that banks have a common regulator. In our model, the failure of one bank can undermine the public's confidence in the … forbearance to the initially failing bank in the hope that it - and hence other vulnerable banks - survives. By contrast, public …

The investment fund sector, the largest component of the non-bank financial system, is growing rapidly and the economy …. Funds invest in corporate bonds and may hold liquidity in the form of bank deposits to meet investor redemption requests …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …