I use unique supervisory intervention – discretionary installment of de novo Resident Examiners in Russian banks that received government liquidity and capital support funds – to study the causal effect of on-site monitoring on bailed-out banks behavior in crisis. By exploiting detailed...

In this paper, we empirically estimate the costs of delay in the FDIC's closures of 433 commercial banks between 2007 and 2014 based upon a counterfactual closure regime. We find that the costs of delay could have been as high as $18.5 billion, or 37% of the FDIC's estimated costs of closure of...