the explicit inclusion of volatile fair value estimates in regulatory bank capital adequacy assessments. I do not, however … to a bank's external stakeholders about its financial position and performance. I also show that higher fair value … volatility of investment securities, lower bank capital, and larger AFS security holdings increase banks' marginal contribution …

increase in contagion among banks. The increase in bank contagion is most severe during periods of market illiquidity. Further …, my cross-sectional analyses suggest that increased bank contagion associated with fair value accounting is more likely to …

episodes of intensi fied (systemic) bank risk: specialization (capturing overexposures), differentiation (capturing indirect … nd that both individual and systemic bank risk decrease withspecialization. Indirect connectedness of banks is … particularly (and negatively) related to individual bank risk, whereas direct connectedness of banks is particularly (and …

the recent financial crisis to identify bank specific factors that determine risk. We find that systemic risk grows with … bank size and is inversely related to bank capital, and this effect exists above and beyond the effect of bank size and … capital on standalone bank risk. Our results contribute to the ongoing debate on the merits of imposing systemic risk …

previous research on the role of central banks as lenders of last resort in crises and on the real effects of bank lending and …

supervisory data set collected by the European Central Bank that covers 26 large banks in the euro area. To assess the impact of …