The European Union Emissions Trading Scheme is the first international cap-and-trade program for CO2 and the largest carbon pricing regime in the world. A principle concern over the Emissions Trading Scheme is the potential impact on the competitiveness of industry. Using a panel of 5,873 firms...

This study tests the impact of banking sector reform and competition on bank stability based on the unbalanced data from 14 transition countries during the period from 1998 to 2016. The initial results not only highlight the positive relationship between the market power and bank fragility, but...