Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - 2011
crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank … performed worse during the 1998 crisis did so as well during the recent financial crisis. This effect is economically important … more leverage, and grew more are more likely to be banks that performed poorly in both crises. Financial crisis, systemic …