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sources of systemic risk: (i) linkages between local banks, and (ii) linkages between a foreign par- ent bank and its local …- pendencies in downward risk in the banking sectors of the Czech Republic, Hungary, Poland, and Slovakia during 1994-2013. In … foreign parent bank to its local subsidiary is substantially smaller than the risk between two local banks. …
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-crisis period, the onset of the global crisis has put an end to this process. Second, bank-level market power appears to vary …
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