the NYSE - to estimate the cost of banking panics in an era before 'too big to fail'. The bank statements allow me to … that the consumption loss associated with National Banking Era bank runs was far more costly than the consumption loss from …

We use daily transactional ledger data from the Bank of England's Archive to test whether and to what extent the Bank … of England during the mid-nineteenth century adhered to Walter Bagehot's rule that a central bank in a financial crisis …. We find that the Bank's behaviour during this period broadly conforms to Bagehot's rule, though with variation across the …

Does limiting the size of a large bank reduce its insolvency risk? This paper shows that the answer to this question … depends on how exactly paring down of the bank size is done. In fact, the insolvency risk may go down or up depending on the … composition of assets and liabilities of the bank relative to its pre-paring down composition. In addition, this study …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …