Variable

Z-Score

(1)

(2)

(1)

(2)

Crisis

Post-Crisis

Crisis

Post-Crisis

Tier 1 Cap (−1)

6.938**

(3.421)

5.470**

(2.355)

Tier 1 Lev (−1)

14.14***

(4.309)

9.016***

(3.475)

LLPGL (−1)

−1.252***

(0.285)

−0.504**

(0.196)

−1.334***

(0.291)

−0.490**

(0.208)

COV (−1)

−0.111

(0.114)

−0.148*

(0.0883)

−0.0545

(0.117)

−0.152*

(0.0919)

TEXASR (−1)

−13.55**

(6.644)

−13.40***

(3.823)

−10.53

(6.508)

−13.16***

(3.757)

SIZE (−1)

−0.0188

(0.111)

−0.0871

(0.0906)

0.0250

(0.116)

−0.0543

(0.0917)

LIQ (−1)

−1.935***

(0.679)

−0.0324

(0.729)

−1.556**

(0.670)

0.119

(0.736)

EFF (−1)

−0.225*

(0.126)

−0.383***

(0.122)

−0.208*

(0.120)

−0.352***

(0.119)

ΔGDP (−1)

−0.366

(0.421)

−0.249

(0.277)

−0.259

(0.422)

−0.269

(0.268)

EURIBOR (−1)

0.819***

(0.250)

0.364

(0.364)

0.648**

(0.256)

0.191

(0.328)

HHI (−1)

0.130

(0.816)

−4.680**

(2.165)

0.128

(0.785)

−5.164**

(2.226)

Time FE

Yes

Yes

Yes

Yes

Country FE

Yes

Yes

Yes

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Yes

Observations

963

1,268

966

1,267