This paper examines the state of the Russian banking sector in 2004 and assesses the most important reform initiatives of the last two years, including deposit insurance legislation, a major reform of the framework for prudential supervision, steps to increase transparency in the sector, and...

In the decade following the 1998 financial crisis Russia’s banking system grew much larger and stronger – indeed, growth rates were dangerously high – but even before the onset of the current global crisis it continued to play a limited role in intermediating savings and investment,...

This is a Master of Science thesis, written in Croatian language. Only an abstract is available in English.Total fiscal expenditure of bank failures in the Republic of Croatia in 1996 and 1998 were no less than 27% of Croatia's GDP. This is one of the most expensive bank crises in the history of...

The Eurosystem is mandated to safeguard price stability according to Article 127 TFEU. Based on a theoretical and policy-oriented approach, this article sheds light on a second public good with enormous practical relevance both for financial markets and institutions as well as for the general...

The 2007-2009 global financial crisis demonstrated the need for effective systemic risk measurement and regulation. This paper proposes a straightforward approach for estimating the systemic funding liquidity risk in a banking system and identifying systemically critical banks. Focusing on the...

Following the intensification of Mamp;As in banking in South Eastern Europe during the past decade, the study engages into analysing the most recent motives behind this wave. This study reviews motives in bank Mamp;A as seen by both parties involved. There is exposed the consideration of other...

In most developed countries, regulators have imposed loan-size ceilings to subsidized microfinance institutions (MFIs). Entrepreneurs holding above-ceiling projects then need to secure partial funding by a bank before applying for microcredit. In turn, the MFI is tempted to free ride on bank...

The timeliness of financial reporting has been an important topic in the accounting literature for decades. There is a tradeoff between the timeliness of reporting and the value of the information being reported. Prior to the advent of the internet, reporting had to be done using print media....

The GFC has affected national banking sectors across the globe. These effects have differed according to many factors, including the degrees of openness in real and financial sectors, maturity of financial intermediation, and fiscal and monetary policy responses. One very interesting case is the...

The paper evaluates the impact of a phased-in introduction of capital requirements on equity, risk-taking, and probability of default for a sample of European systemically important banks. Contrary to the case of a one-off introduction of capital requirements, this study does not fi nd evidence...