regulation, recovery and resolution, and risk culture. …

models, the measurement and indicators of systemic risk, macroprudential tools and their effectiveness; and to identify …

) abilities and on the sectoral concentration risk of a credit portfolio. In this paper, we examine in the first part if … concentrations on the credit risk of the portfolio. Our empirical results suggest that specialization benefits overcompensate the … increase of portfolio risk due to the higher sectoral concentration. If specialization is instead measured by distance measures …

Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available …This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche … and contrast the results to weaker forms of bank distress. Second, we control for a wide array of different time …

sovereign debt exposures and the implications of sovereign exposures for bank risk. Our main findings are as follows. First … impact of sovereign bond holdings on bank risk. This result could indicate the widespread absence of marking-to-market for …