We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data … to estimate the effects of bank financial distress on consumer credit and consump- tion expenditures. We show that …

-performing assets ratios, higher foreclosure ratios, lower returns on assets, and lower bank equity ratios. The effects are economically … relevant and suggest that insurance payments and public aid programs do not sufficiently protect bank borrowers against … financial difficulties. We also find that the adverse effects on bank stability dissolve after some years if no further …

-mandated committees have highlighted four key deficiencies with bank boards before the crisis: (i) group think among bank board members … significant difference in the proportion of directors has turned over from bank boards since 2007 relative to boards of 1 …,297 firms in other industries; (ii) evidence of greater gender or racial diversity in bank boards or of a greater split between …

with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that …-linear function of the combination of network structures and bank-specific characteristics …