Macroprudential policy is increasingly being implemented worldwide, and is mostly applied
to banks. A key question is whether this prompts substitution toward nonbank credit. Using …

This paper studies the information content of bank accounting fundamental data in the
prediction of bank distress using an international sample of banks from 15 Western European …

Commodity mutual funds (CMFs) are a category of mutual funds (MFs) that are one of the
most common publicly offered regulated investment vehicles. Other such vehicles include …

The aim of this article is to empirically test for the presence of intra-industry informational
transfers (IIIT) induced by rating signals in the markets for corporate credit risk. The author …

The adverse dynamics in the US mortgage market, which began to gather pace during early
2007, culminated in the failure of Lehman Brothers–a US investment bank–on September 15…

This paper focuses on the capital-related initiatives of Basel III and empirically examines three
sets of assumptions that are implicit in Basel III capital regulation:(1) distress-relevance of …

This paper develops a novel early-warning signal model for European listed and non-listed
banks to study the ability of the measures introduced or improved by Basel III (Basel …

… 27 April 2016 Janko Cizel, Jon Frost, Aerdt Houben and Peter Wierts … 27 April 2016
Janko Cizel, Jon Frost, Aerdt Houben and Peter Wierts … 27 April 2016 Janko Cizel, Jon …

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… I am also tremendously grateful to Lucyna Górnicka, Istvan Barra, Janko Cizel, Marcin
Zamojski, who offered me great suggestions for my PhD life; Kristian Støre, KY Lee, Hoeming …