sovereigns and banks for 2007-11, we show that bailouts triggered the rise of sovereign credit risk. We document that post-bailout …

European banks are exposed to a substantial amount of risky sovereign debt. The "missing bank capital" resulting from … the zero-risk weight exemption for European banks for European sovereign debt amplifies the co-movement between sovereign … consider the trade-off of benefits of sovereign debt (for banks and sovereigns) and spillover risk when applying risk …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

financial crisis. Were these public recapitalizations followed by a reduction of risk in banks' loan books? To answer this … question, in this paper the balance sheets and syndicated loan portfolios of 87 large internationally active banks …, approximately half of which were rescued during the crisis, are analyzed for the period 2000–10. Evidence is presented that banks …

cross section of global banks. In this regard, we examine distance to default (Laeven and Levine, 2008), systemic risk … (Acharya et al., 2010), idiosyncratic risk, and systematic risk. We employ World Bank survey data on regulations to test our … encouraged banks to take on more risk and perform poorly during the sovereign debt crisis. Finally, official supervision and …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

European banks are exposed to a substantial amount of risky sovereign debt. The “missing bank capital” resulting from … the zero-risk weight exemption for European banks for European sovereign debt amplifies the co-movement between sovereign … consider the trade-off of benefits of sovereign debt (for banks and sovereigns) and spillover risk when applying risk …