Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...

This paper deals with the link between market interest rates and bank profitability for EU countries in the context of convergence towards a single currency and standardization of prudential regulation. A model of bank income and cost adjustment to changes in market interest conditions (level of...

[fre] La concurrence accrue, la restructuration mais aussi l'harmonisation prudentielle à l'échelle internationale des conditions d'activités dans l'industrie bancaire oblige à s'interroger sur d'éventuelles spécificités de la réaction des systèmes bancaires à l'évolution des taux...

[fre] L'objet de cet article est d'apporter quelques éléments de réponse empiriques sur le rôle joué par les agences de notation dans l'exercice d'une discipline de marché accrue des banques et autres intermédiaires financiers. L'approche de l'économétrie événementielle est adoptée...

[eng] The propose of this paper is to analyse bank behaviour in Central and Eastern Europe relative to their interest margin setting. A formalisation through a framework where decisions are taken under imperfect competition and uncertainty underlines the role of credit and maturity risks and...

This paper examines the role played by rating agencies in increasing market discipline for banks and other financial intermediaries. Using a standard event study methodology applied on a sample of European banks we first analyse the impact of rating changes on bank stock prices. Tests for the...