This study investigates the relationship between regulations, competition, and risk-taking in the Central and Eastern European banking sectors between 1994 and 2005. We build an empirical model that employs a non-structural measure of competition, various proxies for regulations and both static...

This paper examines the relationship between the regulatory and supervision framework, and the productivity of banks in 22 countries over the period 1999ndash;2009. We follow a semiparametric two-step approach that combines Malmquist index estimates with bootstrap regressions. The results...

Analyzing unique data on loan applications by individuals who are majority owners of small firms, we detail how a bank's credit decisions affect their future income. We use the bank's cutoff rule, which is based on the applicants' credit scores, as the discontinuous locus providing exogenous...

We study an equilibrium risk and return model to explore the effects of the coronavirus crisis and associated skewness. We derive the moment and equilibrium equations, specifying skewness price of risk as an additive component of the effect of variance on mean expected return. We estimate our...

In this paper we estimate the degree of bank market power during the periods of financial reform in each European country and subsequently we analyze the political and institutional sources of bank competition, distinguishing between the EU15 and CEE subgroups. A positive linear relationship...

The aim of this study is to examine the profitability behaviour of bank-specific, industry-related and macroeconomic determinants, using an unbalanced panel dataset of South Eastern European (SEE) credit institutions over the period 1998-2002. The estimation results indicate that, with the...