that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank … distress despite increasing encumbrance of the bank's balance sheet. The benefit is maximized when resolution is initiated …

This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche … competition, contestability and market power, each corresponding to a different contextual level of a bank s competitive … stability of individual banks. Instead, our results show that the degree of competition affects bank risk in different ways …

political reservations against a mutualization of the liability for bank deposits. The three-stage model for deposit insurance …