financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk … exposures were relatively sparse. Such disclosures came later after major concerns about banks' exposures had arisen in markets …. Similarly, banks delayed the recognition of loan losses. Banks' incentives seem to drive this evidence, suggesting that …

be attributed to the short-term abnormal returns on securities of the two banks, is externally driven. It appears to come …

sheets and liquidity by raising funds from banks, bonds, and equity markets. While listed firms reduced their leverage …

Banks are growing ever larger compared to their national economies. We show that increases in relative bank size … (measured as a bank's liabilities divided by national GDP) are linked to banks displaying higher tail risk. This effect is not … entirely due to risk channels that disproportionately expose relatively large banks to systematic tail risks, sovereign risks …

low. Smaller firms with fewer tangible assets borrow more from banks when both the creditor rights and restructuring …