banks to public accounts as a consequence of implicit or explicit bailout guarantees to distressed banking systems. This …This paper investigates the role of banks foreign asset holdings in transmitting credit risk internationally. Foreign … paper articulates this mechanism with a simple model where governments choose to fill banks' capital gaps to self …

guidelines for banks, including a bank-paid resolution fund, fully operational in 2025. In the article we discuss how the current … design of the banking union falls short of the goal of breaking the link between governments and their banks. We explain how …

spillovers. We define contagion as excess correlation, i.e. correlation between banks and sovereigns over and above what is …’s disclosure of sovereign exposures of banks. We find that banks with a weak capital and/or funding position are particularly …

balance sheets of international banks and their customers. It outlines the basic building blocks of liquidity management for a … interest rate derivatives markets transformed banks' strategies in this area. It explains how the pervasive interconnectedness … between major banks and markets magnified contagion effects. Finally, the paper provides some recommendations for how …

Using the announcement of the first Greek bailout on April 11, 2010, we quantify significant spillover effects from … average by 1.1 percent after the bailout. These effects are more pronounced in countries that belong to the Eurozone and that …

cross-border bank lending, and obtained one finding that cross-border lending by international banks tend to pull out from … basis. This suggests that encouraging brick-and-mortar affiliates of international banks to "set up shop" in recipient … branches of international banks in terms of their ability to shield themselves from the financial difficulties of their global …