This study documents significant differences in the interbank market lending and borrowing levels across countries. We argue that the existing differences in interbank market usage can be explained by the trust of the market participants in the stability of the country's banking sector and...

This study analyses the impact of political factors on commercial banks' behaviour and performance in 11 CEE countries between 1992 and 2008. Using a unique dataset of commercial banks and electoral factors, we find that state-owned banks show significantly smaller net interest income ratios...

In this paper, we examine the empirical link between the structural characteristics of the financial system and financial crisis. We find that there is a significant short-term reversal in development of the banking sector and stock market during both bank crises and market crashes, with the...