1. US banks’ behavior since Lehman’s collapse, bailout uncertainty and ambiguity aversion Alex Cukierman 1

2. 2 Source: Cukierman (2013), "Monetary policy and institution before, during, and after the global financial crisis", Journal of Financial Stability, forthcoming

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4. 4 Source: Cukierman (2013), "Monetary policy and institution before, during, and after the global financial crisis", Journal of Financial Stability.

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6. Average growth of US commercial banks' credit by subperiods at annual rates 6 Yearly growth of US commercial banks' credit Time period 7.15%January 1947- August 2008 0.65%August 2008 - June 2011 4.58%June 2011 - May 2013

7. Thank You 7