Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are …

We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new … ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …

find that the optimal number of clusters is equal to 4. The four groups which result from the statistical classification …