How does the national culture influence the government interventions across the banking sector? We aim to answer this question, by analyzing a sample of European countries that experienced financial assistance from government during 2008-2018. We find that regulators are more likely to bail out...

Confronted with an economic decline or slower growth rates in crisis and post-crisis periods, CEE governments have searched for new means to re-launch growth. The aim of this work is to evaluate the extent to which government arrangements sustain economic growth in CEECs. The centralized economy...

This paper investigates the impact of corporate governance on bank efficiency across a sample of 139 commercial banks from 17 countries of Central and Eastern Europe during the period 2005-2012. The empirical findings indicate that implementing rigorous corporate governance structures is...

How have financial markets reacted to the disclosure of the list of Other Systemically Important Institutions by the European Banking Authority? With an event study of bank stock prices, we document that the immediate reaction of the stock market is negative, suggesting that the included...

The aim of this paper is to analyze the impact of central bank transparency on systemic risk in emerging banking markets using a sample composed of 34 banks from Central and Eastern Europe and a period spanning from 2005 through 2012. Results indicate a positive and significant relationship...

This paper investigates the impact of gender diversity on bank efficiency using a unique hand-collected dataset specific to a sample of 128 commercial banks from Central and Eastern European countries during the period 2005-2012. Robust findings that account for endogeneity indicate that the...

Using an international sample of 95 banks from 21 European and North American countries spanning from 2008 to 2014, this paper assesses the effectiveness of a large set of general and housing macro-prudential policies in controlling banks' systemic importance and risk-taking incentives....

This paper investigates the impact of foreign currency (FX) denominated assets and liabilities on systemic risk using a unique hand-collected dataset of bank-level FX positions for the period 2005-2012. The sample consists of banks from Central and Eastern Europe with large share of FX exposures...

What is the impact of policy interventions on the systemic risk of banks? To answer this question, we analyze a comprehensive sample that combines an original set of bank-specific bailout events with balance sheets of key affected and non-affected European banks between 2005 and 2014. We find a...

Bank bailouts are not the "one-shot" events commonly described in the literature. These bailouts are instead dynamic processes in which regulators "catch" financially distressed banks; "restrict" their activities over time; and "release" the banks from restrictions at sufficiently healthy capital...