liquidity programs changed across the sample sub-periods. I-Bank and TBTF bank borrowing from the discount window is initially …

This paper investigates contagion between bank and sovereign default risk in Europe over the period 2007–2012. We … common factors, using CDS spreads at the bank and at the sovereign level. Moreover, we investigate the determinants of … contagion by analyzing bank-specific as well as country-specific variables and their interaction. Using the EBA’s disclosure of …

discuss their impact on bank run risk. Based on a self-collected data set surveying depositors before (2007), at (2008), and …, who carry the highest risk of triggering a bank run, was reduced around the peak of the crisis but rebounded strongly … afterwards, even exceeding pre-crisis levels. These findings point to a higher bank run risk in the aftermath than during the …

suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional …

customers, shut out of public debt markets, get bank loans through drawdowns of loan commitments. Unlike TARP under …

range of real sectors is limited. Our results imply that regulators and supervisors should address international bank … dependencies arising from common risk factors, while recessions in real sectors due to bank defaults should be a secondary concern. …