U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … as well as a bank’s position in the network. We construct linkages between all U.S. commercial banks in 1929 and 1934 so … banking crisis that occurred between 1930{33 raised systemic risk per bank by 33% and increased the riskiness of the very …

is, as yet, no geography of these bank failures and rescues even though locational data for both types are publicly … in market structure: consolidation among insured banks, and growth among bank holding companies (BHCs). Our analysis uses …

In the years preceding the 2007-2009 financial crisis, forward-looking indicators of bank risk concentrated and … suggested unusually low expectations of bank default. We assess whether the ex-ante (i.e. prior to the crisis) cross …-sectional variability in bank characteristics is related to the ex-post (i.e. during the crisis) materialization of bank risk. Our tailor …

This paper gives new evidence for the importance of bank suspensions during the Great Depression. I establish that more … new instrument of bank suspensions. The results show that bank suspensions could explain a third of the decline in …