financial crisis. But the conventional story is only one-half complete. What it omits is the effect of change in commercial bank … bank, not a commercial bank — that sparked the meltdown. This Article provides the rest of the story. The basic premise is … repeating mistakes from the past. Acknowledging the role of bank regulation (and de-regulation) in reshaping the capital markets …

untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign … of bank failure is partly borne by taxpayers in the banks' home countries. Moreover, each bank chooses the share of its … lending allocated between domestic and foreign firms, but the bank's overall loan volume is fixed by a capital requirement set …

Belgium in 1830 to the early 21st century. After severe crises, the National Bank of Belgium was created in 1850. The Great …

with respect to bank and network characteristics can easily be checked. The employed network model accounts, among others …, for bank insolvencies as well as illiquidities, stochastic dependencies of non-bank loans as well as of liquidity buffer … assets across various banks, bank rating-dependent volumes of deposits and interbank liabilities, and the funding liquidity …

systemic risk measure from the concepts of MES and CoVaR analysing tail co-movements of daily bank stock returns. We then run … panel regressions for our systemic risk measure using idiosyncratic bank characteristics and a set of country and policy …

with the Bank and the Treasury. The PRA and the FCA should report directly to Parliament, both routinely and in cases of …