with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that …-linear function of the combination of network structures and bank-specific characteristics …

tensions within the eurozone. This process evolved through three stages. Following the onset of the Subprime crisis in July …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …

This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution … and too easy to use outside resolution. The paper proposes reforms in three areas for the effective management of bank …

European financial institutions have not declined during the period 1990-2004 and that bank systemic risk profiles have … converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks …

We analyze the European Central Bank''s (ECB''s) response to the global financial crisis. Our results suggest that even …

activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply … responds negatively to declines in bank soundness; (ii) a cutback in bank loan supply has a negative impact on economic …. These estimates imply that the currently estimated bank losses would subtract some 2 percentage points from the euro area …