This paper examines the performance of emerging market bank stocks around the time of rating changes by major … respond to rating changes or respond in the opposite direction to what would be expected if announcements conveyed value …

Compared with the case of central bank independence, independence for financial sector supervisors remains more …

This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies … the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and …-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …