problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

the default risk of banks designated as globally systemically important by the Financial Stability Board. We find that … bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … in systemic banks’ default risk explain a substantial part of changes in other banks’ market values. This result is …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … regulators in risky countries have an incentive to allow their banks to hold home risky bonds and risk defaults, while regulators … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

these costs. Bank levies attempt to internalize systemic risk and increase the costs of leverage. This paper evaluates the …