prominent policy prescriptions - lower exposure of banks to domestic sovereign debt or a commitment not to bailout banks - can … pooling of debt (such as European safe bond aka. ESBies). A backstop by the central bank (such as the ECB's Transmission …

analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects … bank resilience through lower capital levels. In the absence of archival data of IFRS 9 and their potential biases due to … the COVID-19 pandemic, we use the European bank stress test results as a natural experiment, in which all banks are …

significance. Our results do not point to a major role of newly introduced bank levies in explaining cross-border banking …

Loan guarantees represent a form of government intervention to support bank lending. However, their use raises concerns … as to their effect on bank risk-taking incentives. In a model of financial fragility that incorporates bank capital and a … bank incentive problem, we show that loan guarantees reduce depositor runs and improve bank underwriting standards, except …

in line with the economic conditions they face. Bank responses feed back to the macroeconomic environment affecting …

contagion which can be used to calibrate bank-specific capital and liquidity requirements and large exposures limits. We find … non-linear function of the combination of network structures and bank-specific characteristics. …

banking groups. On this basis, the bail-in of a bank can be simulated to identify the direct contagion risk to the other banks …

effective to increase bank resilience to sectoral risks, limiting spillover effects. LTI limits are superior to LTV limits in …