1 “...This paper examines time-series and cross-country variations in default risk co-dependence...”

2 “... suggest that the "moral hazard effect" of deposit insurance dominates in good times while...”

3 “... ratio. Furthermore, good corporate governance is associated with more bank risk-taking at times of rapid...”

4 “... and, consistent with the notion of flight to liquidity, this demand increases during times of low market liquidity...”

5 “... across space and time because it can coordinate and pool atomistic agents that would otherwise...”