We use detailed data on over 350 banks in emerging Europe to analyze how bank ownership and the Vienna Initiative …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and …

on the effect of most factors on banks' share of equity according to the type of bank and to the region of the bank …

interconnectedness on the banks' failure probability can be alleviated if bank capital regulation is properly designed. This paper … supports the conclusion in Allen and Gale (2000) that a complete financial system in which each bank is connected to all the …

on the effect of most factors on banks' share of equity according to the type of bank and to the region of the bank …

contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The … heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects …

We develop a model of bank risk-taking with strategic sovereign default risk. Domestic banks invest in real projects … their default risks through purchases of bonds. But, for high debt levels, this influence is lost since bank and government …