The failure of Lehman Brothers highlighted the severe lapses in risk management and regulatory oversight that brought … on and intensified the global financial crisis. This paper presents a structural credit risk model that provides useful … insufficient collateral compounded the effects of dangerously high leverage and resulted in undercapitalization and excessive risk …

with high locally non-diversifiable risks also benefit relatively more from deregulation in terms of higher bank stability …

with high locally non-diversifiable risks also benefit relatively more from deregulation in terms of higher bank stability …

Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of … significantly increases bank stability. This result is robust to the inclusion of additional fixed effects and other influences … loans and increases bank profitability. These findings suggest that competition increases stability as it improves bank …

This note provides an example of how government and central bank policies that promote market liquidity (e … capitalized (networth of the banking system is higher) but, at the same time, more fragile (higher likelihood of bank failures … affected by liquidity policies, creating new channels for financial contagion in case the real sector is hit by negative shocks …

empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities … risky than banks that accessed the DW. Our results can contribute to a better design of liquidity facilities during a …

the monetary policy and financial regulation and supervision perspectives. In the preceding SUERF Study (2013/2), the …