Examining the Great Depression, we use novel methods and data to show that despite 9,000 #bank closures, #risk increased instead of leaving the system. Healthier #banks acquired risk through mergers, with each acquisition raising the acquiring bank's risk by 25%. #financialcrises don't rapidly eliminate risk; merger policies affect #systemicrisk.
Information about #fdic #insurance and communication about #bank #stability by the #federalreserve can reassure depositors and mitigate #bankruns, while communication from political leaders only influ
Advanced #machinelearning models were found to be more effective than #linearregression in predicting firm performance under #naturaldisaster #risks. The study suggests that textual data in #financial
#regulators recently issued #cybersecurity #disclosure guidelines to enhance #transparency and #accountability among firms. A study analyzed cybersecurity disclosure practices among a sample of Toront