Systemic banking crises often continue into recessions with large output losses (Reinhart & Rogoff 2009a). In this … a drag on economic recovery. We then analyze 65 systemic banking crises from the period 1980-2012, of which 25 are part … perspective, in particular how do they affect recession duration? We find that bank restructuring, which includes bank …

that receive a small recapitalization relative to their capital shortfall reduce lending and shrink assets. These results … between 2000 and 2013. Controlling for market implied capital shortfall of banks, we find that banks that receive a … sufficiently large recapitalization increase lending, attract more deposits and clean up their balance sheets. In contrast, banks …

percentage point increase in capital buffers extends credit to firms by 9 percentage points, increasing firm employment (6 …To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning … differentially. We find that dynamic provisioning smooths credit supply cycles and, in bad times, supports firm performance. A 1 …

economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … then the busts including Sudden Stops in capital flows; the strong interaction between sovereign debt and domestic banking …

lessons from the financial crisis and global recession were being drawn, while concerns about Greece's government debt …

We empirically examine the Capital Purchase Program (CPP) used by the US government to bail out distressed banks with … equity infusions during the Great Recession. We find strong evidence that a feature of the CPP - the government's ability to …

extensions and interest rate reductions, are not generally followed by higher economic growth or improved credit ratings. …

This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990 … banking sector conditions. Our findings suggest that reducing pre-crisis vulnerabilities and promptly addressing NPL problems …