The trade-off between bank competition and financial stability has always been a widely and controversial issue, both … among policymakers and academics. This paper empirically re-investigates the relationship between competition and bank risk … consider both individual and systemic dimension of risk. Bank-individual risk is measured by the Z-score and the distance …

changes have an asymmetric impact in that bank stocks benefit more from negative CDS spread shocks than they are hurt by …

bank liquidity probably eliminates the risk of bank illiquidity, but it is not unthinkable that a bank insolvency crisis …

. That is why implementing prudential rules and policies requires careful consideration of their impact on bank risk and … have a stronger link to the system in the event of financial stress, rather than having a higher level of bank risk …

regulation, the European Central Bank provided substantial monetary policy easing, for instance the release of capital buffers …

swaps (CDS). Bank bailout programs changed the composition of both banks' and sovereign balance sheets and, moreover … period before bank bailouts the contagion disperses from bank credit spreads into the sovereign CDS market. After bailouts, a … interdependence of government and bank credit risk is heterogeneous across countries, but homogeneous within the same country …