Outputs (2)

Do financial crises cleanse the banking industry? Evidence from US commercial bank exits (2018)
Journal Article
Spokeviciute, L., Keasey, K., & Vallascas, F. (2019). Do financial crises cleanse the banking industry? Evidence from US commercial bank exits. Journal of Banking and Finance, 99, 222-236. https://doi.org/10.1016/j.jbankfin.2018.12.010

When Banks Grow Too Big for Their National Economies: Tail Risks, Risk Channels, and Government Guarantees (2018)
Journal Article
Hagendorff, J., Keasey, K., & Vallascas, F. (2018). When Banks Grow Too Big for Their National Economies: Tail Risks, Risk Channels, and Government Guarantees. Journal of Financial and Quantitative Analysis, 53(5), 2041-2066. https://doi.org/10.1017/s0022109018000327

Banks are growing ever larger compared to their national economies. We show that increases in relative bank size (measured as a bank’s liabilities divided by national GDP) are linked to banks displaying higher tail risk. This effect is not entirely d... Read More about When Banks Grow Too Big for Their National Economies: Tail Risks, Risk Channels, and Government Guarantees.