We study how heterogeneity in banks’ asset holdings affects fragility. In the model, banks face a risk of bank runs and … sell their assets at the same time. When banks are homogeneous, their selling behaviors are synchronized, and bank runs are …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …

the FDICIA legislation of 1991 for improving bank regulation and supervision. However, this criticism of the Stern and …

shocks, and that interbank cooperation avoided unwarranted failures. This paper uses individual bank data to address the … solvent Chicago banks a key factor in avoiding unwarranted bank failures during the panic …

bank failure rates in Michigan during the period 1932-1934, which includes the important Michigan banking crisis of early … purchases (the policy tool employed after March 1933) on bank failure rates. Our estimates treat the receipt of RFC assistance … assistance that are not directly related to failure risk) for analyzing the effects of RFC assistance on bank survival. We find …

This paper looks at why bank consolidation has been taking place in the United States and what the structure of the … banking industry might look like in the future. It then discusses the implications of bank consolidation for the economy and …

scenarios and banks' estimated losses to recover bank level exposures to macroeconomic factors. Once macro outcomes are realized …