This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock … events in countries experiencing a crisis. The paper uses the impact of the LTCM crisis on bank stock prices to put the …

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 …

financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

We present a tractable dynamic macroeconomic model of self-fulfilling bank runs. A bank is vulnerable to a run when a … loss of investors' confidence triggers deposit withdrawals and leads the bank to default on its obligations. We … analytically characterize how the vulnerability of an individual bank depends on macroeconomic aggregates and how the number of …

We study time-consistent bank resolution mechanisms. When interventions are ex post efficient, a government cannot …

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 …