-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …

how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …

We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank's poor experience in a crisis is tied to aspects of its business model that are persistent …

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk …-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size … factor in the component of bank returns that is orthogonal to the standard risk factors, including small-minus-big, which has …

money relative to bank assets than nonbanking-center countries. This paper develops a stylized model of regulated bank …

We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel …