This paper studies financial vulnerability in a dynamic banking model with credit line runs on the asset side of a bank’s … other and lead to a vicious cycle. Using data from U.S. banks, I estimate an infinite-horizon model in which banker …

I examine the link between funding composition and the hundreds of failures of US commercial banks that followed the … that were unrelated to policy fundamentals, or by funding freezes that were idiosyncratic to failed banks but unrelated to … the spread in funding costs between failed and nonfailed banks ,at the time that failure rates peaked, can be explained …

insurance schemes; the double-edged sword nature of liquidity provision by central banks; the often misunderstood role of …

This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this … role. During the global financial crisis (GFC), public banks were widely used to counter the private credit crunch and prop …, particularly outside of the GFC period. This finding suggests high public debt can limit the stabilization role of public banks …

Outside of financial crises, investors have little incentive to produce private information on banks' short …