Although cross-border lending has fallen sharply since the crisis, foreign bank presence—
that is,“brick-and-mortar” operations—declined much less. While OECD banks reduced their …

We analyze the global banking network using data on cross-border banking flows for 184
countries during 1978–2010. We find that the density of the global banking network defined …

In this paper we review recent advances in financial economics in relation to the
measurement of systemic risk. We start by reviewing studies that apply traditional measures …

This report argues that policy reforms in micro-and macro-prudential regulation and
macroeconomic policies are needed for Europe to reap the important diversification and …

We examine the composition and drivers of cross-border bank lending between 1995 and
2012, distinguishing between syndicated and non-syndicated loans. We show that on …

Recent events have highlighted the role of cross-border linkages between banking systems
in transmitting local developments across national borders. This paper analyzes whether …

Understanding how contagion works among financial institutions is a top priority for
regulators and policy makers who aim to foster financial stability and to prevent financial …

Purpose COVID-19 evolved from a local health crisis to a pandemic and affected countries
worldwide accordingly. Similarly, the impacts of the pandemic on the performance of global …

We show that CDS premiums of sovereigns are significantly affected by the foreign
exposures of their domestic banks. Our analysis uses a simple risk-weighted exposure …

This study explores the impact of the global financial crisis (GFC) on Islamic and
conventional stock and bond indices in 11 Islamic and eight non‐Islamic countries. We find …