The second edition of an essential text on the microeconomic foundations of banking
surveys the latest research in banking theory, with new material that covers recent …

We compare the performance and risk of a sample of 181 large banks from 15 European
countries over the 1999–2004 period and evaluate the impact of alternative ownership …

The 2007–2010 financial crisis highlighted the central role of financial intermediaries'
stability in buttressing a smooth transmission of credit to borrowers. While results from the …

This paper analyses the relationship between capital, risk and efficiency for a large sample
of European banks between 1992 and 2000. In contrast to the established US evidence we …

This paper examines empirically the hypothesis that market discipline is effective in
providing incentives for banks to limit their risk of default, by holding capital buffers against …

This paper is the result of a crowdsourced effort to surface perspectives on the present and
future direction of international finance. The authors are researchers in financial economics …

We use cross-country data on a sample of large European banks to evaluate the impact of
government ownership on bank risk. We distinguish between default risk (likelihood of …

Deteriorating public finances around the world raise doubts about countries' abilities to bail
out their largest banks. For an international sample of banks, this paper investigates the …

We find evidence of a bank lending channel operating in the euro area via bank risk.
Financial innovation and the wider use of new ways of transferring credit risk have tended to …

This study finds that banks receive more favorable Moody's financial strength ratings in
countries with better compliance with Basel Core Principles related to information provision …