A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand … deposits. From the standpoint of theory in the tradition of Diamond and Dybvig (1983) and Green and Lin (2003), it is … surprisingly di¢ cult to generate bank panic equilibria if one allows for a plausible degree of contractual flexibility. A common …

Bank stability is an important aspect of financial stability, especially in bank-centric systems such as those in … banking sectors in the respective countries. The empirical evidence has shown that both macroeconomic and bank … affecting credit risk are business cycle and sovereign debt. On the other hand, bank size, capital levels, credit activity and …

Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS …, although the effect is relatively small. The results prove to be robust after controlling for several bank, loan and time …

indicator for cyclical risk for Malta developed by the Central Bank of Malta. This paper addresses this gap by building a … cyclical systemic risk indicator (cSRI). The cSRI is driven by the 2-year growth rate in real bank credit, the 1-year change in … analysis framework of the Central Bank of Malta, complementing other tools that support the formulation of macroprudential …