crisis. Two large bets on real estate made with funding that was vulnerable to bank-run like behavior on the part of funders … pushed AIG to the brink of bankruptcy. AIG used securities lending to transform insurance company assets into residential … solvency of the life insurance companies. AIG also sold insurance on multi-sector collateralized debt obligations, backed by …

. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives … privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements …

risk insurance, which is manifested in a reduced demand for lines of credit. We also find evidence of a “road show⠅

bank overdraft facilities -- helps individuals smooth consumption in the event of transitory income shocks. This paper …

condition, and these firms continue to perform poorly after receiving additional bank financing. Troubled Japanese banks …

Research on leverage and asset-price fluctuations focuses on the direct effect of lax bank lending enabling financially … encouraged a bank/brokerage-credit-fueled stock-market bubble. The direct effect is a 25 cent increase in a stock's market …