both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset … are that complementing bank specific vulnerabilities with indicators for macro-financial imbalances and banking sector … vulnerabilities improves model performance and yields useful out-of-sample predictions of bank distress during the current financial …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

during the crisis was significantly higher for firms with a “weak” bank than for comparable firms with a “sound” bank– even …

This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and … for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is …, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during …

shift from bank finance to bond finance, at a time when the cost of market debt rose above the cost of bank loans. We show …

We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data … to estimate the effects of bank financial distress on consumer credit and consumption expenditures. We show that …