It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banking systems. Using a new database of individual bank balance sheets, income statements, and branch establishment, we … examine the characteristics that made a bank a more likely target of a takeover by a large branching network, how incumbent …

. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank … health, but measuring bank health by Tobin's Q, we find that the ill health of banks in the recent U.S. financial crisis and … by the state of the macro-economy. The results seem to suggest that bank regulatory changes may be repressive …

behavior. By paying out dividends, a bank transfers value to its shareholders away from creditors, among whom are other banks …. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative … externalities are strong and bank franchise values are not too low, the private equilibrium can feature excess dividends relative to …

Economic theories posit that bank liability insurance is designed as serving the public interest by mitigating systemic … private interests of banks, bank borrowers, and depositors, potentially at the expense of the public interest. Empirical …-through subsidy targeted to particular classes of bank borrowers …

first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …

) and stigma (the cost of having a bank's name revealed) are desirable to restore confidence. Lending facilities raise the …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …

-of-last-resort function. This activity arose endogenously in certain banking systems. Depositors lack full information about the value of bank … under which the industrial organization of banking leads to incentive compatible state contingent bank coalition formation …. Such coalitions issue money that is a kind of deposit insurance and examine and supervise banks. Bank coalitions of small …