, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset …

financial crisis of the 20th century – the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

the market; on the other hand, problems in the banking sector can send shock waves through the entire economy. Given this … prominent role, it is not surprising that Pereira and Rua (2018) found that the health of the banking sector exerts an influence …-financials is essential to evaluate the risk emanating from an unhealthy banking sector and should be considered in new regulatory …

U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … banking crisis that occurred between 1930{33 raised systemic risk per bank by 33% and increased the riskiness of the very … as well as a bank’s position in the network. We construct linkages between all U.S. commercial banks in 1929 and 1934 so …

.S. banking industry. We employ a frequency decomposition of volatility spillovers (connectedness) to assess system-wide risk … the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …

trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a … cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …

a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … country if the bank reduces its supply of letters of credit. We find that supply shocks have quantitatively significant …

reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis reveals that trade finance is a large and …