Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies....

This paper examines how the impact of financial crises on bank earnings volatility (proxied by the volatility of return on assets) varies with bank size and market concentration. Using fixed effects panel regression analysis for more than 1800 banks from OECD and non-OECD economies for the...

We examine the classical Gibrat's law or Law of Proportionate Effects (LPE) using Blundel and Bond (1998)'s two-step Generalized Method of Moments dynamic panel model for a mixed sample of more than 1500 banks in 29 OECD and 36 non-OECD countries. Our analysis show that size distribution of...