in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports …

cost of borrowing of these countries on stock returns of banks from other countries. We find that tail sovereign GIIPS CDS … stronger for more pervasive shocks, so that idiosyncratic shocks to small countries, such as Greece, do not have an … benchmark specification, holdings of peripheral country bonds by banks from other countries do not constitute a statistically or …