This article surveys the recent empirical literature on historical banking crises, defined as
events taking place before 1980. Advances in data collection and identification have …

Liquidity shocks transmitted through interbank connections contributed to bank distress
during the Great Depression. New data on interbank connections reveal that banks were …

Central banks provide public liquidity to traditional (regulated) banks with the intention of
stabilizing the financial system. Shadow banks are not regulated, yet they indirectly access …

We assess systemic risk in the US banking system before and after the Panic of 1873, using
a combination of linear programming and computational optimization to estimate the …

We employ a unique hand-collected dataset and a novel methodology to examine systemic
risk before and after the largest US banking crisis of the 20th century. Our systemic risk …

Does enhanced shareholder liability reduce bank failure? We compare the performance of
around 4,200 state-regulated banks of similar size in neighboring US states with different …

How can policy-makers successfully tame excessive credit growth? I exploit a single natural
experiment to estimate the comparative causal effects of different financial stability policies …

The United States and countries around the world have seen the recent proliferation of"
FinTech" competitors to banking organizations, which traditionally engage in three core …

We study how bank regulation interacts with network topology to influence systemic stability.
Employing unique hand‐collected data on the correspondent network for all US banks prior …

We study the decisions of state-chartered banks to join the Fed in its first decade. Ours is the
first study to combine state regulatory environment characteristics and individual bank …