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

eight failed Japanese banks in order to evaluate the predictive power of the DD measure for bank failures. The DD became … smaller in anticipation of failure in many cases. The DD spread, defined as the DD of a failed bank minus the DD of sound … banks, was also a useful indicator for deterioration of a failed bank's health. For some banks, neither the DD nor the DD …

recognizing greater risks and losses, can lead to solvency problems that look like liquidity (bank-run) crises. Regulatory …

bank risk taking, commercial bank failure, interest rates on loans, and market structure. We propose a market structure … addition to aggregate shocks to the fraction of performing loans in their portfolio. A nontrivial bank size distribution arises … consistent with untargeted business cycle properties, the bank lending channel, and empirical studies of the role of …

-1994, 2005-2014) and differ in bank regulations, especially concerning capital requirements and enforcement. In contrast to the … forces beyond formal regulations incentivize bank managers to deleverage when their banks are in distress …

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 …

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 …

We investigate the relationships of bank failures and balance sheet conditions with measures of proximity to different … forms of transportation in the United States over the period from 1830-1860. A series of hazard models and bank …. Specifically, railroads facilitated better information flows about banks that led to modifications in bank asset composition …