“Too big to fail” traditionally refers to a bank that is perceived to generate unacceptable risk to the banking system … and indirectly to the economy as a whole if it were to default and unable to fulfill its obligations. Such a bank … of contagion if a bank fails. The main objectives in this paper are to identify the different dimensions of “too big to …

linear causal relationships. Finally, the comments point out that bank resolution of systemically important institutions is … resolution (in the EI), for lack of fiscal backstops (in the EU), and for lack of political acceptance of bank resolution with …

This paper assesses the value of multiple requirements in bank regulation using a novel empirical rule … consider the potential role of market-based measures of bank capitalisation, showing that they provide complementary value to …

significance. Our results do not point to a major role of newly introduced bank levies in explaining cross-border banking …

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 …