temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have …

clears only at fire-sale prices following a large number of bank failures. The gains from acquiring assets at fire …-sale prices make it attractive for banks to hold liquid assets. We show that the resulting choice of bank liquidity is counter … crises may be desirable ex post. However, policies aimed at resolving crises affect ex-ante bank liquidity in subtle ways …

macroeconomic shocks, quality of bank regulations, and institutional development, we find that both private and public interests, as …

it imposes on the central bank as domestic lender of last resort, and the resulting exposure to dollar liquidity runs … reduce self-insurance costs while limiting bank losses in the event of a run …

Countries around the world differ substantially in the relative importance of their banks and capital markets in … empirical evidence showing that countries with explicit deposit insurance and a high degree of state-owned bank assets have … smaller equity markets, a lower number of publicly traded firms and a smaller amount of bank credit to the private sector …

paper seeks to measure and compare how well authorities in 56 countries controlled bank risk shifting during the 1990s …