(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. …

the banking system that is characterized by the interaction of many heterogeneous banks with the real sector, interbank … and that systemic risk might actually increase as a consequence of imposing capital constraints on banks. Furthermore we …

In this paper we suggest a new approach to risk assessment for banks. Rather than looking at them individually we try … network of mutual credit obligations can make the actual risk exposure of banks invisible at the level of individual … stock market movements as well as shocks related to the business cycle. The feedback between individual banks and potential …

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