Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression …, there is significant variation in the cross-section of stock returns of large banks across the world during that period. We … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …

Using a novel dataset on central bank interventions to financial institutions, we examine the impact of capital … compensation investors demand for being exposed to the risk of large correlated drops in bank stock prices. DCRP is calculated … using options that provide a hedge against large drops in the price of a bank index and its individual components. We find …

both foreign and domestic assets of the banks is highly signi cant in explaining bank CDS spreads even before the onset of …

We investigate the relationship between a bank's rating and its business model and hypothesize that relationship … changed through the crisis. We use bank ratings by Fitch, Moody's and S&P's from 2006 to 2009 and proxy the business model via …, controlling for sovereign ratings and other bank characteristics, we find that banks with higher values of the index had: i …

Europe in a transition status. The adoption of Euro, the establishment of the European Central Bank, the Basil III initiative …