(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …

banks to straddle borders and expand their business to other European countries. We use a unique hand-collected dataset with … cross-border loans for the 61 largest European banks to study the impact cross-border banking has on the risk-return profile … of an individual bank. Our results show that cross-border banking decreases banks' risk, by lowering the insolvency risk …