impact of a hypothetical banking crisis on a country's growth. By enabling consideration of a rich set of potential …

sales in a crisis. In our model, risk shifting motives drive how banks recapitalize following a negative shock, leading … certain assets and retain others. Ex-post incentives from high risk weights and the interaction of capital and liquidity …

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and … length of crisis episodes by stimulating aggregate demand. Fiscal expansions that rely mostly on measures to support … government consumption are more effective in shortening the crisis duration than those based on public investment or income tax …

The "Great Trade Collapse" triggered by the 2008-09 crisis calls for a careful assessment of the trade losses from …

lower incidence of systemic banking crises. Our empirical setup is designed to account for the potential direct and indirect … Generalized Impulse Response Function analysis of a dynamic system composed of the probability of a banking crisis and economic …

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction … of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not …

shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi … their debt, and on their liquidity and solvency positions. Applying the October 2020 WEO baseline and adverse scenarios, we … the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial …

crisis times, funding vulnerabilities are associated with significant negative GDP growth surprises. The results tell us that …