Theory suggests that in the face of fire sale externalities, banks have incentives to overinvest in order to issue … prevalence of private insurance in the era preceding central banks and deposit insurance, their subsequent disappearance, as well …

US) investment banks and their subsequent, in most cases, bail-out by public funds – and on the real sector of the … (and in particular banking) crises (under Section 1); discusses the structural vulnerability of banks to some financial …

I examine the link between funding composition and the hundreds of failures of US commercial banks that followed the … that were unrelated to policy fundamentals, or by funding freezes that were idiosyncratic to failed banks but unrelated to … the spread in funding costs between failed and nonfailed banks ,at the time that failure rates peaked, can be explained …

the subsequent state transition caused significant uncertainty and hysteresis amongst banks by revealing a critical …

This paper presents an overview of the Japanese system to deal with the distress of banks, providing a classification …

largest banks are dropped from the sample. Results also indicate that it is transitory. We also find a large effect of the …

DGSs, namely exposure to moral hazard and the differential treatment of banks deemed ‘too-big-to-fail’ (TBTF), are …