(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 …

Europe. Therefore the paper considers the development of the Estonian banking sector and derives individual banks´ fragility … banks´ distress probabilities. Overall, the results suggest that market indicators are moderately useful for anticipating …

(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 …