The manipulation of LIBOR rates was not a localized event. Unscrupulous traders and managers in some of the largest banks around the world deliberately and systematically manipulated borrowing rates. It was not the work of isolated 'rogue traders' but part of business-as-usual in the...

Foreign-dominated banking sectors, such as those prevalent in Central and Eastern Europe, are susceptible to two major sources of systemic risk: (i) linkages between local banks, and (ii) linkages between a foreign par- ent bank and its local subsidiary. Using a nonparametric method based on...

The purpose of the article attempt to answer the question of how the crisis affected the banking systems of CEE countries, with special emphasis on liquidity risk. It seems that this problem has particularly affected emerging economies. First, the liquidity risk began to exert considerable...

The aim of this paper is to analyze the impact of central bank transparency on systemic risk in emerging banking markets using a sample composed of 34 banks from Central and Eastern Europe and a period spanning from 2005 through 2012. Results indicate a positive and significant relationship...