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Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
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profile of the banks in empirical relationships between shareholders, bank managers, regulatory restraints, and ownership … structure. We find strong link between level of risk-taking and bank manager performance and efficiency, which supports the …
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