How have banking crises affected the survival prospects of political incumbents over the long run? Unlike existing studies, we explore how changing societal expectations concerning how incumbent governments should prevent and respond to crises have reshaped the relationship between crises,...

What determines government policy responses to banking crises? One prominent analysis of pre-1999 post-war crises claims that democratic governments seek to minimize the public burden of bank insolvency to avoid electoral sanction, and thus are less likely to bail out banks than authoritarian...