We investigate the relationship between real estate markets and bank distress among German universal and specialized … bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value … real estate exposures amplify this effect. Rising real estate price levels alone reduce bank PDs, but only for banks with …

sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …

that failed during the 2007/2008 crisis. Excess equity returns in response to bank bailouts are overall negative and …

sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …

that failed during the 2007/2008 crisis. Excess equity returns in response to bank bailouts are overall negative and …

Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks …