fundamentals with firm-quarter fixed effects; thus, identification comes from a firm's choice to default against one bank versus … bank relationships comes into doubt …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s …

degrees of dependence on external financing or access to capital. However, because regulations affecting bank entry varied … sector. Regulations on bank entry and other banking market characteristics thus appear to exert an independent influence on …

economies in the world. Finally, for Europe we assess the relative importance of cross-border bank spillovers as compared to … domestic bank spillovers. The results suggest, inter alia, that systemic risk in the US is higher than in the euro area, mainly …

This paper examines the use of credit derivatives by US bank holding companies from 1999 to 2003 with assets in excess … of one billion dollars. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2003 … represent on average two thirds of the assets of bank holding companies with assets in excess of $1 billion. Few banks are net …

We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …