. At the transition point there is a jumpin risk taking, as private banks do not internalize the social costs of bank … data complementing existing evidence that financial instability is highest when bank control is capturedby small lobbies. …

is also referred to as the system-GMM estimator. We conclude that higher income diversification favors bank profitability …. However, our study does not find a significant relationship between revenue diversification and bank risk, even when …

the main consequences of the global financial crisis, the pro-cyclical contraction of bank credit, and the advanced …

market risks of banks are intertwined. We highlight how coordination failure between a bank's creditors and adverse selection … in the secondary market for the bank's assets interact, leading to a vicious cycle that can drive otherwise solvent banks … to illiquidity. Investors' pessimism over the quality of a bank's assets reduces the bank's recourse to liquidity, which …

fragility of banks we use the probability-of-default of banks as a proxy for bank failure. After analyzing data collected from …

bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …

current bank activities as somehow appropriate and trying to eliminate only the worst excesses of the 2000s. Hyman Minsky …

. However, central bank's independence and economic independence have a statistically significant effect on financial stability …, whereas central bank accountability, supervisory independence and accountability, political central bank independence as well …