bank bail-outs on banks' risk-taking behavior. -- Government bail-out ; implicit and explicit government guarantees …This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured …

This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured … competitor banks for any given bank, and analyze the impact of this variable on banks’ risk-taking behavior, using a large sample …

This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured … competitor banks for any given bank, and analyze the impact of this variable on banks' risk-taking behavior, using a large sample …

the resulting drop in bank charter values translated into higher risk-taking at German savings banks. -- Public bail-out … guarantees ; savings banks ; Landesbanken ; market discipline ; bank risk-taking ; banking networks …

guarantee. The reason is that the prospect of a bail-out induces the protected bank to expand, thereby intensifying competition …The explicit or implicit protection of banks through government bail-out policies is a universal phenomenon. We analyze … main result is that the bail-out policy unambiguously leads to higher risk-taking at those banks that do not enjoy a bail-out …