range of real sectors is limited. Our results imply that regulators and supervisors should address international bank … dependencies arising from common risk factors, while recessions in real sectors due to bank defaults should be a secondary concern. …

sources of systemic risk: (i) linkages between local banks, and (ii) linkages between a foreign par- ent bank and its local … foreign parent bank to its local subsidiary is substantially smaller than the risk between two local banks. …

This paper presents an analysis of the dynamic measures of volatility connectedness of major bank stocks in the US and …

In this paper we investigate the impact of cyclical systemic risk on future bank profitability for a large … on linear local projections which allows us to study the estimated negative impact of cyclical systemic risk on bank … assess the impact of cyclical systemic risk on the tails of the future bank-level profitability distribution. Additionally …