successful execution of the asset quality review of the bank balance sheets and the subsequent stress tests. The new supervisory …

This paper analyzes central bank policies on the monitoring of banks in distress in which liquidity provisions are … which the central bank acts with discretion and the second in which the optimal monitoring policy rule is made public. The … information about monitoring rules, there is more central bank monitoring and less need to provide emergency funding. Public …

regulatory, supervision and environmental factors on bank efficiency. Our contribution is twofold. First, we use a newly … database of the World Bank (WB), developed by Barth et al. (2004b), to investigate the impact of a broad range of regulatory … and supervision measures, including capital requirements, restrictions on bank activities, private monitoring, official …

from the new database of the World Bank and examine various regulations such as the level of accounting and information … existence of deposit insurance schemes, the restrictions on bank activities, and capital adequacy requirements. We estimate … for bank-specific and country-specific characteristics. The results indicate that several of the regulatory and …

value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is …, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk …

Bank mergers can increase or decrease loan spreads, depending on whether the increased market power outweighs …

and long-run average estimates of default probabilities) implies a reduction in the risk-sensitivity that contradicts the … original spirit of the new framework.In order to preserve risk-sensitivity and to dampen procyclicality at the same time … used and ratings have to be approximated by exploiting default data provided by the Bank of Italy. Findings suggest that …

emerging economies may impact market discipline among banks (traditionally understood as market responses to bank fundamentals … government ownership of banks, greater guarantees, inadequate disclosure and transparency) may affect market responses to bank … risk. Second, using the recent Argentine crisis as an illustration, we argue that systemic risks may exert an overwhelming …