Fiala, Tomas; Havranek, Tomas - William Davidson Institute, University of Michigan - 2014
sources of systemic risk: (i) linkages between local banks and (ii) linkages between a foreign mother bank and its local …- dependencies in downward risk in the banking sector of the Czech Republic, Hungary, Poland, and Slovakia during 1994-2013. In … contrast to the pre- sumptions of the current regulatory policy of these countries, we find that the risk of contagion from a …