This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or … on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns … are used as a measure for interdependencies among European banks, and hence for the systemic risk potential in Europe …

This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or … on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns … are used as a measure for interdependencies among European banks, and hence for the systemic risk potential in Europe …

This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess … conditional correlations between European bank stock indices. These correlations are used as an indication for the …

Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake … bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still …

now regularly hit by the contagion of financial crises, with potentially very harmful spill-overs on global trade through …

year's subject of "Contagion and Spillovers – New Insights from the Crisis" turned out to be particularly topical, as first …

-applicant firms that enable us to disentangle effects driven by shocks to the banking system from recession-driven demand shocks that … by the following types of bank financial distress: 1) low equity ratio; 2) low Tier 1 capital ratio; and 3) losses on …

Der deutsche Bankensektor ist im Umbruch. Von den Folgen der internationalen Finanzkrise, die ihren Ausgang auf dem US … Bürgschaften notwendig geworden. Allerdings wird zunehmend deutlich, dass die Gefahr einer tief greifenden Bankenkrise, die weit …