Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this … divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the … determinants of the observed pattern of credit risk co-movements are and whether and during which periods sovereign debt markets …

In the recent financial crisis, risk management tools have been proven inadequate. Model risk, a key component of bank … risk, has shown its negative impact. It seems that risk models did not cover the included risks comprehensively and were … their models to reduce model risk. We discuss if banks undertake enough effort to improve their risk models. Furthermore …

eliminates failures but stops lending for larger liquidity risks whereas a liquidity ratio might be a way to reduce risk …Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the … emerge, depending on the magnitude of liquidity risks. In this context, regulatory stability-enhancing measures have some …