Estimating Spillover Risk Among Large EU Banks

WPIEA2007267 Image
Price:  $18.00

Author/Editor: Li L Ong, Martin Cihak
Release Date: © November, 2007
ISBN : 978-1-45186-830-2
Stock #: WPIEA2007267
English
Stock Status: On back-order

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Description

The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant cross-border links is already larger than the number of significant links among domestic banks, adding a piece of empirical evidence supporting the need for strong cross-border supervisory cooperation within the EU.




More publications in this series: Working Papers


More publications by: Li L Ong ; Martin Cihak