Nistor, Simona; Ongena, Steven - 2020
What is the impact of policy interventions on the systemic risk of banks? To answer this question, we analyze a … comprehensive sample that combines an original set of bank-specific bailout events with balance sheets of key affected and non …-affected European banks between 2005 and 2014. We find a positive and significant association of 'guarantees' with systemic risk, which …