Why do large European banks lobby for monetary union? We show in a game-theoretic model that monetary union can trigger a change in the structure of the market for international banking transactions with asymmetric effects on profits: large banks are induced to cooperate internationally and gain...

There is a need to introduce a statistical method to the toolkit of the regulators that is versatile, easy-to-use and can handle complex cause-effect phenomena that are not directly observable or measurable, i.e. latent constructs. In a first application of partial least squares structural...

The banking sector's financial performance in 2014 was very good, but the perspectives for the years to come do not seem to be fortunate. Although the economy of Poland should further develop at a fair rate, what is favourable for banks' clients, therefore also for the banking sector, but there...