We identify, measure and compare the characteristics of Global Systemically Important Banks (G-SIBs) vis-à-vis banks not chosen by the Financial Stability Board (FSB) to be in the 2011 G-SIB group; investors' responses to banks being classified as a G-SIB and how these responses relate to...

We compare the write-off and loan loss provision practices of relationship versus transactional banks. Relationship banks provide both debt and equity financing to their clients, have long-lasting ties with them, serve on their boards of directors and in some cases serve as senior managers, and...

This paper tests implications of banking theory and legal theory for cross-country differences in banks' equity betas and returns. Banking theory predicts different risk exposures between transactional banks, found in the U.S., U.K., Australia and Canada, and relationship banks, found in Japan,...

Do banks' responses to changes in deposit insurance vary across countries even if the countries have comparable institutions? If so, by how much? Using data on the financial performance of large banks in 15 financially and economically developed countries, we find that where deposit insurance...

In 2011 the Financial Stability Board designated 29 of the world's largest banks as global-systemically important banks (G-SIB), and imposed additional restrictions on their activities. After implementation of the G-SIB regulatory regime, we find that relative to other large banks, G-SIBs'...