We examine historical banking crises through the lens of bank equity declines, which cover a broad sample of episodes … of banking distress both with and without banking panics. To do this, we construct a new dataset on bank equity returns … absence of panics, large bank equity declines are associated with substantial credit contractions and output gaps. While …

We examine historical banking crises through the lens of bank equity declines, which cover a broad sample of episodes … of banking distress both with and without banking panics. To do this, we construct a new dataset on bank equity returns … of panics, large bank equity declines are associated with substantial credit contractions and output gaps. While panics …

We examine historical banking crises through the lens of bank equity declines, which cover a broad sample of episodes … of banking distress both with and without banking panics. To do this, we construct a new dataset on bank equity returns … of panics, large bank equity declines are associated with substantial credit contractions and output gaps. While panics …