listed European banks to measure each bank's contribution to systemic risk (SRISK) at the national and at the Euro Area level … heterogeneity both across countries and banks. Second, we explore the drivers of systemic risk. A bank s contribution to systemic … risk increases in bank size, in bank profitability, and in the share of banks nonperforming loans. It decreases in the …

We develop a new measure of uncertainty derived from bank-level data. We apply the measure of firm-level uncertainty … that, first, higher uncertainty in banking has negative effects on bank lending. Second, the effect is heterogeneous across … banks: Lending by banks which are better capitalized and have higher liquidity buffers tends to be affected less. Third …

right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

.S. macroeconomy with a set of factors summarizing conditions in the banking sector. We use the model to analyze bank risk, bank … importance of common versus idiosyncratic risk at the bank level and the heterogeneous transmission of macroeconomic and asset … price shocks to individual banks. Our paper has four main findings. First, average bank risk declines following expansionary …

driving bank internationalization. Second, while only a few non- financial firms engage in international trade, many banks … hold international assets. Only a few large banks engage in FDI. Third, apart from productivity, risk factors matter for …