The recent crisis has shown that systemically relevant banks in distress are likely to benefit from governmental … support. This reduces their downside risk and leads to moral hazard, i.e. to incentives for these banks to assume excessive … analysis combines bank balance sheet information from 92 countries with Fitch Support Ratings and World Bank survey data on …

interconnectedness. We further identify the individual contributions of 58 major European banks to the systemic risk measure. We find … European banks, but smaller Italian and Spanish banks as groups have notably increased their systemic importance. Our findings …

In this paper, we use detailed data on the sovereign debt holdings of all German banks to analyse the determinants of …, sovereign bond holdings are heterogeneous across banks. Larger, weakly capitalised banks and banks with a small depositor base … hold more sovereign bonds. Around 31% of all German banks hold no sovereign bonds at all. Second, the sensitivity of banks …

Using novel data on individual euro area banks' balance sheets this paper shows that exposure to stressed European … debt crisis on the supply of private sector credit is assessed. Controlling for banks' risk factors and credit demand, the … households, is documented for euro area banks affected by the international liquidity shock and that drew on ECB liquidity under …

a world of larger defaults on government debt …