of bank failure is sufficiently large, the surplus as well. Our results in overall highlight the need to take into …

connectivity may destabilize the financial system via the bank-run channel. This is because it decreases the risk-sharing benefits … of interbank connectivity. A bank-run model features two islands that are connected via a long term debt claim. Varying … the size of this claim (interbank connectivity), I study how the decision to 'run on the bank' is affected. I run a …

bank money in digital form that is universally accepted for digital payments across the euro area. A digital euro would … reliance on central bank funding. To this end, it assesses how banks might respond to the introduction of a digital euro while … banks would decline but remain well above regulatory minimums. In addition, the central bank funding ratios of euro area …

consistent with a theory of dividend payouts, in which the payout policy has a (short-run) stabilizing role on the bank …'s liquidity position by signaling information to short-term lenders about the bank's available liquidity. …