find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …

Gandhi and Lustig (2013) find that large banks in the U.S. have significantly lower risk-adjusted returns than small … specification. The results suggest that implicit government guarantees for large banks, if they exist, are not perceived by their …

Hypothesis, under which stress-tested banks reduce credit supply – particularly to relatively risky borrowers – to decrease their … credit risk. The findings do not support the Moral Hazard Hypothesis, in which these banks expand credit supply … banks, banks that passed the stress tests, and the earlier stress tests …

We estimate the contribution of large U.S, banks to the financial sector systemic risk by using value-at-risk (VaR … large U.S, banks from 1997 to 2021, We find that banks contributing more to the systemic risk have lower future returns on … 2010 failed to eliminate the too-big-to-fail problem in banks, Such studies showed that anticipation of government …

banking institutions. This study investigates whether stress-tested banks in the U.S. converge to each other in their levels … the convergence in profitability, asset quality, management quality, and income diversification of stress-tested banks …. Furthermore, stress-tested banks also converge in their income diversification strategies, return volatility, default risk …

enforce collection of sales taxes on a destination basis. This has reduced state tax competition with an essentially … among policy makers and researchers. We provide a detailed discussion of state and local sales tax features and the extent … to which they have fostered sales tax competition in recent decades. We then explore the extent to which greater …

means that it will potentially respond more quickly when faced with constrained banks. Three, our results support …