inefficiencies, as the various distortions can offset each other. Empirical analysis using bank-level data from the recent crisis …

We assess the ability of bank resolution frameworks to deal with systemic banking fragility. Using a novel and detailed … database on bank resolution regimes in 22 member countries of the Financial Stability Board, we show that systemic risk, as … measured by Delta CoVaR, increases more for banks in countries with more comprehensive bank resolution frameworks after …