scope has a negative impact on performance on average. However, we find that firms whose expansion keeps them closer to the …

risk in which all banks choose inefficiently high leverage to fund correlated assets and market discipline is compromised … failure, and be available to shareholders only contingent on good performance. -- Market discipline ; asset substitution … ; systemic risk ; bailout ; forbearance ; moral hazard ; capital requirements …

regular core capital requirement that helps deter excessive risk-taking incentives. The second tier, a novel aspect of our … framework, is a special capital account that limits risk taking but preserves creditors' monitoring incentives. -- capital … requirements ; leverage ; systemic risk …

This paper describes a set of indicators of systemic risk computed from current market prices of equity and equity … indicators represent a systemic risk event as the realization of an extreme loss on a portfolio of large-intermediary equities …. The technique for computing them combines risk-neutral return distributions with implied return correlations drawn from …

paper shows that using rollover risk as a disciplining device is effective only if all banks face purely idiosyncratic risk … aggregate states, but with opposite effects. -- rollover risk ; market discipline ; bank runs ; fire sales ; global games …

-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across …

studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

turn, banks hoard liquidity and decrease term lending as their rollover risk increases over the term of the loan. High …, inter-bank markets can completely freeze. -- inter-bank lending ; financial crisis ; precautionary demand ; rollover risk …

management of transition risk exposures. Banks that signed the Net-Zero Alliance have reduced their exposures compared to non …