In this paper we study systemic risk for North America and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between North American and European banks are smaller than within each region. We then...

European Union, Economic Relations and Macroeconomics: Origins of Foreign Direct Investment in Croatia: Application of an Expanded Gravity Model -- Balkan Area and EU-15: An Empirical Investigation of Income Convergence -- The Economic Relations of Bosnia-Herzegovina and FYROM with the Other...

Although the global financial and economic crisis hurt economies worldwide, the economies at the southern Mediterranean rim have so far done well to weather this global hurricane. However, their economic growth has been slowing down and dependent upon their domestic policy reactions amongst...