paper introduces a measure of the threat that a bank poses to the system. Such a measure, called threat index, may be … individual institutions to the risk in the system. Although the threat index and the default level of a bank both reflect some …

investors to be less prone to run individual banks, but runs will be systemic. In addition, we show that bank runs are …

A regulator resolving a bank faces two audiences: depositors, who may run if they believe the regulator will not …

, raising credit terms to their borrowers. The picture that emerges from these findings looks less like a traditional bank run …

hedge to fund drawn credit lines and other commitments. We shed new light on this issue by studying the behavior of bank …

particular, we show that the stock market applies far greater discounts to a bank’s real estate loans and mortgage … suggests that bank balance sheets overvalue real estate related assets during economic slowdowns. Estimated discounts are … impairment. We also find that bank share prices, especially for banks with large exposures to mortgage-backed securities, react …