Cihak, Martin; Munoz, Sonia; Scuzzarella, Ryan - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 3, pp. 200-225
When a country’s banking system becomes more linked to the global banking network, does that system get more or less prone to a banking crisis? Using simulations and econometric estimates based on a world-wide dataset, we find an M-shaped relationship between the stability and the...