had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. I …

time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …

perquisites that yield private benefits). The privately optimal level of bank leverage is neither too low nor too high: It … substitution induced at high levels of leverage. However, when correlated bank failures can impose significant social costs …, governments may have no option but to bail out bank creditors. Anticipation of this generates an equilibrium featuring systemic …

. As is well known, the banking authority can eliminate the possibility of a bank run by committing to suspend payments to … suspension is insufficient to dissuade depositors from participating in the run. Bank runs can then occur with positive …

How does information management and control affect bank stability? Following a national bank holiday in 1933, New York … state bank regulators suspended the publication of balance sheets of state-charter banks for two years, whereas the national …-charter bank regulator did not. We use this divergence in policies to examine how the suspension of bank-specific information …

We argue that post-crisis bank regulation can explain large, persistent deviations from parity on basis trades … a global systemically important bank suffer significant declines in assets and returns relative to unlevered funds. Thus … bank intermediation for their arbitrage strategies. …

identify plausibly exogenous variation in the intensity of supervision across large U.S. bank holding companies (BHCs), based …

We study bank supervision by combining a theoretical model that distinguishes supervision from regulation and a novel … supervision and use the model to interpret the relationship between supervisory efforts and bank characteristics observed in the … proportionally with bank size, suggesting the presence of technological economies of scale in supervision. The data also show …

We measure bank supervision using the database of supervisory issues, known as matters requiring attention or immediate … a bank faces, which may suggest capacity constraints in addressing multiple supervisory issues. Using computational … and are less correlated with bank observables. By categorizing questions asked by analysts at banks' quarterly earnings …