This paper investigates the effects of SEC intervention from July 15, 2008 on the stability of “too big to fail” corporations. We show that:1. SEC policy intervention maps to shocks in stock market variables, 2. stock market variables and a policy intervention indicator variable are...

This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken a diverse array of measures to mitigate financial...

How much does the banking sector depend on public support? Utilisation of many support facilities has declined, due mainly to a fall in demand. Supply factors play a smaller, but not insignificant role, as governments and central banks have tightened the conditions on which certain support...