regulatory and voluntary capital. Using a two-step estimation procedure, and controlling for many factors (risk, asset … to bank profitability in France …

are a function of risk-free rates and a bank-specific risk premium. Cost of equity estimates declined steadily across all …-free rates over this period, and (ii) a decline in the sensitivity of bank stock returns to market risk (the CAPM beta) in all …

The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and …

This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation … to better mitigate disruptions in the financial system and minimize the social costs of bank distress. We compare the U ….S., UK, and German bank bankruptcy frameworks and describe the EU framework for cross-border bank bankruptcy. We support our …

This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation … to better mitigate disruptions in the financial system and minimize the social costs of bank distress. We compare the U ….S., UK, and German bank bankruptcy frameworks and describe the EU framework for cross-border bank bankruptcy. We support our …

This paper studies the country-level reaction of bank credit default swap (“CDS”) spreads and stock prices to bailout … announcements in the US and five European countries in October 2008. Bailouts announcements are associated with bank CDS spreads … narrowing, both for domestic and foreign banks, pointing to an important role for cross-border exposures. Movements in bank …

structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002 …

bank lending. We are using a dataset on assets and liabilities of commercial banks from five countries (France, Germany …