2 papers
econ.GN2026
Bank Failures: The Roles of Solvency and Liquidity
Sergio Correia, Stephan Luck, Emil Verner
Bank failures can stem from runs on otherwise solvent banks or from losses that render banks insolvent, regardless of withdrawals. Disentangling the relative importance of liquidit…
econ.GN2026
Bank Runs With and Without Bank Failure
Sergio Correia, Stephan Luck, Emil Verner
We study the causes and consequences of bank runs. By applying large language models to historical newspapers, we create a comprehensive database of bank runs in U.S. history with…