is generally small. Surprisingly, we find that spill-overs of bank-related events are not significantly different from …

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …

the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …

foreign bank lending on firm growth and financing. Foreign lending stimulates growth in firm sales, assets, and leverage, but … the most connected businesses benefit least from foreign bank entry. This finding suggests that foreign banks can help …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …