transformation countries with or without crisis experience as well as by developed countries with limited data. The objective is to …

1997-98 Asian financial crisis, the 1998 Russian crisis and the ongoing financial crisis of 2008-2009 suggest that … unprecedented systemic financial crisis originated from USA in September 2008 together with a deep worldwide economic recession … appropriate and effective monitoring and policy formulation system for detecting and addressing vulnerabilities leading to crisis …

We examine evidence for a systematic underperformance of Germany’s state-owned banks in the current financial crisis …” are then related directly to the magnitude of bank losses in the recent financial crisis. Our data confirms that … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …

Grauwe, 2006). This optimism is, however, not warranted for the euro. The euro has now been in a crisis for more than three … years and a self-correcting mechanism leading out of the crisis is not in sight. The reason is that the euro union does not …, this being the essence of the euro crisis. Therefore the governments should withdraw and return to an economic union …

risk of a systemic bank crisis. The first one relies of microeconomic data at the bank level. The second one relies on … econometric estimations of the probability and the cost of a systemic banking crisis, based on historical data. The former …

Banks and the financial sector have come under increased scrutiny since the 2008 financial crisis. Regulations …