European banks are exposed to a substantial amount of risky sovereign debt. The "missing bank capital" resulting from …-weights. More bank capital as well as positive risk-weighting for sovereign exposures mitigates spillovers. …

conditional correlations between European bank stock indices. These correlations are used as an indication for the …

, precipitating a run on their short-term debt. We assess the effectiveness of different European Central Bank (ECB) interventions … potential buyer of last resort via the Outright Monetary Transaction program (OMT) significantly reduced the bank …

In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific …, regulatory and legal variables. Regulation does not seem to mitigate risk taking by bank owners. We find no evidence that profit …

for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …

on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns …