Using novel data on bank applications to the Troubled Asset Relief Program (TARP), we study the effect of government … assistance on bank risk taking. Bailed-out banks initiate riskier loans and shift assets toward riskier securities after …

, contradictory to the common Western papers' results; (2) the participation of the Russian state in the bank equity is surprisingly …

ability. Our results of liquidity timing hold in higher moment framework. We further analyze the effect of bank-mutual funds … relationship and find that the bank-related mutual funds have positive liquidity timing ability of mutual funds while we find no … evidence of this liquidity timing for non-bank related mutual funds …

Interest rate risk is the exposure of a bank's financial condition to adverse movements in interest rates. Changes in … interest rates affect a bank's earnings by changing its net interest income and also affect the underlying value of the bank … for assessing a bank's interest rate risk exposure: earnings perspective and economic value perspective. Changes in banks …

individual bank level. We find that the choice of the term structure and the pass-through model is of limited importance for the …