Sudden Stops are financial crises defined by a large, sudden current-account reversal. They
occur in both advanced and emerging economies and result in deep recessions, collapsing …

We examine the effect of ex-post information contagion on the ex-ante level of systemic risk
defined as the probability of joint bank default. Because of counterparty risk or common …

An epidemiologist calculating the risk of a localised epidemic becoming a global pandemic
would investigate every possible channel of contagion from the infected region to the rest of …

This paper develops a new approach to identify and quantify different motives for deposit
withdrawals. Exploiting variation in the cost of withdrawal induced by the maturity expiration …

We examine if managerial ability affects the efficiency of the contracting environment with
lenders. We find that higher ability alters the balance of information-sensitive covenants …

We offer a theory of financial contagion based on the information choice of investors after
observing a financial crisis elsewhere. We study global coordination games of regime …

We study dividend payouts when banks face coordination-based rollover crises. Banks in
the model can use dividends to both risk shift and signal their available liquidity to short-term …

We develop a new approach to identify different categories of depositors during periods of
uncertainty and quantify their compensation to remain in the bank. We isolate withdrawals …

We investigate how the level of strategic uncertainty affects the coordination power of
publicly observed extrinsic signals in a controlled laboratory environment in the context of a …

This paper analyzes a regulator's optimal strategic delay of resolving banks when the
regulator's announcement of the intervention delay endogenously affects the depositors' run …