(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

sector: in relatively opaque banking systems, fair pricing exacerbates banks' incentive to take excessive risks, whereas the …

(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … financial crisis had such a large impact on European banks. …

When firms trade forward contracts with banks to protect foreign currency cash flows against exchange rate movements …, firms substantially increased their use of derivatives in response to the heightened uncertainty; banks, in providing these … British pound in response to the referendum's outcome posed a shock to the capital of ex-ante exposed banks. Banks, especially …

sector: in relatively opaque banking systems, fair pricing exacerbates banks' incentive to take excessive risks, whereas the …

large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial … diversification of single banks and support their resilience to shocks, and may slow down contagious default. However, merger … banks emerge in key positions in the network. …