policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …

We assess the efficacy of systemic risk measures that rely on U.S. financial firms' stock return co-movements with … bond spreads and narrative dating. Systemic risk measures exhibit substantial and robust predictive power in explaining the … predict bank failures and balance-sheet outcomes, confirming their relevance for understanding risks to the real economy …

We study time-consistent bank resolution mechanisms. When interventions are ex post efficient, a government cannot … partially substitutable, and if they are heterogeneous in their size, interconnections, and thus systemic risk, as long as …

regulatory initiatives, including proposed new capital requirements, are under consideration as a means of reducing systemic risk …. This paper examines the concept of systemic risk -- that failure of one firm will lead to the failure of a large number of … and integrated and the effects of OTC derivatives on these risks discussed. The key conclusion is that systemic risk has …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It … enhance the detection and measurement of systemic risk …

New data reveals that bank distress peaked in New York City, at the center of the United States money market, in July … regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money …

bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory … culture that embraces three economically contradictory elements: politically directed subsidies to selected bank borrowers …-allocation scheme; and defective government monitoring and control of the subsidies to leveraged risk-taking that the other two elements …

regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We …

Bank payout policy is strongly affected by regulation and politics, especially for the largest banks. Banks, but not … industrial firms, have consistently lower payouts in times of high regulation uncertainty and under democratic presidents. After … the Global Financial Crisis, bank regulators' influence on payout policies of the largest banks increases sharply and …