bank-level can impact aggregate volatility. We find weak evidence for a link between granular banking sector volatility and …Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low … markets affects macroeconomic volatility. Our research has three main findings. First, we study the relevance of granular …

, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our … implications of this model using dynamic panel models for changes in foreign bank assets. We find evidence that nominal interest … rate differentials and inflation differentials drive changes in foreign bank assets permanently, while growth rate …

implications of these exposures for bank risk. Larger, more capital market affine, and less capitalised banks hold more sovereign … that riskiness of government bond holdings affects bank risk only since 2010.This confirms the existence of a nexus between … government debt and bank risk. …

sovereign debt exposures and the implications of sovereign exposures for bank risk. Our main findings are as follows. First … impact of sovereign bond holdings on bank risk. This result could indicate the widespread absence of marking-to-market for …