. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving … was lower, and loan rates were higher for banks with higher bailout expectations. The interest margins of unsupported …

This paper examines the consequences of Chinese regulators deviating from a long-standing full bailout policy in … addressing the distress of a city-level commercial bank. This policy shift led to a persistent widening of credit spreads and a …

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage … emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset … and fragility. Deposit insurance and the expectation of government bailouts increase not only bank risk taking, but also …

We analyze the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our … sovereign debt discount. We introduce long term government debt, which gives rise to the possibility of capital losses on bank … intermediaries causes bond prices to drop triggering capital losses at the bank under intervention. This mechanism shows the limits …

policy is non-targeted. The ex post benefits from a monetary bailout accrue in proportion to the number amount of leverage … with monitoring of the quality of liquid assets. We establish the robustness of our insights when the set of bailout …

We study lottery behavior in banking stocks and use MAX/MIN to capture loss protection from bank bailout guarantees. We … find that bank lottery preferences lead to lower short-term returns and that regulatory TARP assistance increases the … likelihood of bank lotteryness and risk taking. Lottery-type bank equities are riskier after TARP and exhibit fatter right to …

anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …We study the interaction between a government's bailout policy and banks' willingness to impose losses on (or \bail in …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

Bank bailouts are not the "one-shot" events commonly described in the literature. These bailouts are instead dynamic …