In this paper we gauge the degree of interconnectedness and quantify the linkages between global and other systemically important institutions, and the global financial system. We document that the two groups and the financial system become more interconnected during the global financial crisis...

This paper analyzes the determinants of bank mergers and acquisitions (M&As) from a bank-level perspective. The main objective of the study is to identify those mutual characteristics of all banking institutions from Central and Eastern Europe that are prone to be acquired versus acquirer, or...

How do changes in Environmental, Social and Governance (ESG) scores influence banks’ systemic risk contribution? We document a beneficial impact of the ESG Combined Score and Governance pillar on banks’ contribution to system-wide distress analysing a panel of 367 publicly listed banks from...

In this study, we explore whether and to what extent Environmental, Social, and Governance (ESG) factors impact banks’ funding costs. Using a sample composed of 493 banks located in 39 advanced and emerging economies over the 2003-2020 period, we find that banks benefit from incorporating ESG...

Using a global sample we reveal that banks benefit from incorporating ESG practices into financial decisions, enjoying lower costs of funds, as well as reduced costs of attracting deposits. All ESG dimensions are responsible for this outcome in the case of total cost of funds, whereas for the...