id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-7220	Tabor, Nicholas K. ; Zhang, Jeffery Y.	Capital, Contagion, And Financial Crises: What Stops A Run From Spreading?	2020	81	.pdf	application/pdf	25712	1131	56	First, banking crises were prevalent in the United States even in the 19th century, when bank capital ratios hovered above 50%.86 Second, although balance sheet measures of reg- ulatory capital have increased substantially since the 2008 crisis, some market-based measures of volatility and risk re- main the same or higher than they were a decade The equity and debt of a firm often trade in public markets, and when new information becomes available about a firm, the price of those financial instruments can change.23 For ex- ample, when the expected value of a firm falls, the market 19 Many sources either explicitly or implicitly conflate bank capital and equity.	cache/cblr-7220.pdf	txt/cblr-7220.txt