We measure bank vulnerability in emerging markets using the distance-to-default, a risk-neutral indicator based on … 38 banks in 14 emerging market countries. Results show it can predict a bank''s credit deterioration up to nine months in … advance. The distance-to-default, hence, may prove useful for bank monitoring purposes …

policymakers’ efforts to strengthen bank capitalization …

With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …

We examine a large panel of more than 100 banks from Argentina to study the effects of bank consolidation on … performance between December 1995 and December 2000, a period of heavy bank consolidation and relative calm. Overall, we find a … positive and significant effect of bank consolidation on bank performance. Bank returns increase with consolidation, and …

possibly through an elaboration of guidelines for rescheduling bank claims; appropriate action to cope with liquidity crises …