We explore the actions of financially distressed banks in two distinct periods that include financial crises (1985 … widespread belief that distressed banks gamble for resurrection, we document that distressed banks take actions to reduce … forces beyond formal regulations incentivize bank managers to deleverage when their banks are in distress …

cost of borrowing of these countries on stock returns of banks from other countries. We find that tail sovereign GIIPS CDS … benchmark specification, holdings of peripheral country bonds by banks from other countries do not constitute a statistically or …

The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage … include financial crises and are subject to different regulatory regimes (1985–1994, 2005–2014). We find that distressed banks …

banks suffered significant outflows between June and August 2011. Due to credit market frictions, these outflows have … greater exposure to Eurozone banks decrease their holdings more than other funds. We show that relationships are important in …

We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the time as the most dramatic …. Another hypothesis is that a bank’s poor experience in a crisis is tied to aspects of its business model that are persistent …, so that its past performance during one crisis forecasts poor performance during another crisis. We show that banks that …