predominantly by macroeconomic conditions and the strength of the sovereign and their institutional relationship with other ‘bank …

bank is, the higher are the abnormal returns, both in 'crisis countries' and 'non-crisis countries'. Moreover, abnormal … contrast, abnormal returns are not robustly related to bank risk. These findings reveal market expectations consistent with the …

We study bank runs using a novel historical cross-country dataset that covers 184 countries over the past 200 years and … combines a new narrative chronology with statistical indicators of bank deposit withdrawals. We document the following facts …: (i) the unconditional likelihood of a bank run is 1.2% and that of significant deposit withdrawals 12.7%; (ii …

anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

We examine the moral hazard effects of bank recapitalizations by assessing the impact of the U.S. TARP program on … market discipline exerted by subordinated debt-holders using a sample of 123 bank holding companies over the period 2004 …