on solvent banks leading to bank panics. But financial crises of the last two decades have not fit the mold. A new …

liability characteristics of the bank; a second employs these characteristics and other data taken from annual reports; a third … model adds the history of the behavior of the price at the bank's common stock. The central conclusion of the study is that … a useful function in monitoring bank risk. Further, the predictive significance of each variable serves as a measure of …

, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have … such a reward. A well-governed bank takes the amount of risk that maximizes shareholder wealth subject to constraints … cost effective to do so. The role of risk management in such a bank is not to reduce the bank's total risk per se. It is to …

allows us to show how bank-level risk management considerations should factor into the pricing of those risks that cannot be …

India. The estimation yields: (1) improving access to risk sharing reduces migration by 21 percentage points; (2) reducing …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …

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 …