Contagion is a term used to describe the spillover of the effects of shocks from one or more
firms to others, l It is widely considered to be both more likely to occur in banking than in other …

But unlike fire, the term systemic risk is not clearly defined. Moreover, unlike firefighters, who
rarely are accused of sparking or spreading rather than extin guishing fires, bank regulators …

Bank (depository institutions) failures are widely perceived to have greater adverse effects
on the economy and thus are considered more important than the failure of other types of …

The appropriate role of bank regulation, or whether banks should be regulated at all, has
long been a matter of controversy. Banks are the oldest and largest financial institution. Their …

This paper extends the literature on bank capital structure by modeling capital structure as a
function of important public policy and bank regulatory characteristics of the home country, …

At year-end 1991, Congress enacted fundamental deposit insurance reform for banks and
thrifts--the FDIC Improvement Act. This reform followed the failure of more than 2,000 …

This article re-examines the role of the central bank's lender of last resort (LLR) function in
the current economic environment. It argues that the traditional role of protecting the money …

Many countries have experienced serious banking and/or currency (exchange rate or balance
of payments) problems in recent years with high costs to their own countries and others. A …

In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major
financial crises evinced by widespread bank insolvencies and currency depreciations, as well …

Interest in too big to fail (TBTF) resolutions of insolvent large complex financial firms has
intensified in recent years. TBTF resolutions protect some in-the-money counterparties of a …