sector fragmentation and sovereign-bank linkages evolved over the European sovereign debt crisis, and how they are reflected …

This paper measures the economy-wide impact of bank distress on the loss of relationship benefits. We use the near …-collapse of the Norwegian banking system during the period 1988 to 1991 to measure the impact of bank distress announcements on … the stock prices of firms maintaining a relationship with a distressed bank. We find that although banks experience large …

-stage fixed-effects quantile approach, which explicitly links bank interconnectedness to systemic risk contributions. The … equity and CDS prices. We provide new evidence on how banking sector fragmentation and sovereign-bank linkages evolved over …