entities' probabilities of default, which in this case are estimated using market-based data. Hence, SE losses capture the …

countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the … support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more …

limited history of crisis episodes, when crises bring unanticipated shocks where past tail events offer little guidance and … that can be made to capture country-specific institutional features. The model uses bank portfolio data broken down by risk …

More than a century later, the Banca Romana crisis still provides useful insights on the challenges of preserving … financial stability. This paper reviews the case and discusses implications that can be relevant today. The crisis was spurred …, failed to take action when needed and concealed critical information from the public. When the crisis erupted, its resolution …

crises. Significant discrepancies in these features suggest the absence of analytical consensus. The data allow an … examination of the relation between perceived crisis length, as an index of delay in taking actions to resolve a crisis, and … crisis costs. Cross-sectional evidence does not show that the length of a crisis is a significant contributor to its …

systemic crisis to preserve some portion of a widely insolvent banking sector …