episodes of intensi fied (systemic) bank risk: specialization (capturing overexposures), differentiation (capturing indirect … nd that both individual and systemic bank risk decrease withspecialization. Indirect connectedness of banks is … particularly (and negatively) related to individual bank risk, whereas direct connectedness of banks is particularly (and …

inefficiencies, as the various distortions can offset each other. Empirical analysis using bank-level data from the recent crisis …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and …