This paper presents a simple model of risk-averse banks that face uncer-tainty over funding conditions in the money …,and can turn deposits into a loss leaderfor banks.... …

Is there any need to “clean” up a banking system in the midst of a crisis, by closing or recapitalizing weak banks and … banks that may be forced to sell assets soon can reduce the current price of illiquid assets sufficiently that weak banks …

swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated … the major national banking systems. This allows us to investigate the structure of banks' global operations across their …

ownership before the crisis and whether CEOs reduced their equity stakes intheir banks in anticipation of the crisis. There is … no evidence that banks with CEOs whoseincentives were better aligned with the interests of their shareholders performed … better during thecrisis and evidence that these banks actually performed worse both in terms of stock returns andin terms of …

We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the timeas the most dramatic … economically as important as the leverageof banks before the start of the crisis. The result cannot be attributed to banks having … the same chiefexecutive in both crises. Banks that relied more on short-term funding, had more leverage, andgrew more are …