Transnational Banking Supervision, Distance-to-Distress and Credit Risk: The SSM Case

Transnational Banking Supervision, Distance-to-Distress and Credit Risk: The SSM Case

We assess the impact of adopting a transnational supervisor on the distance-to-distress and credit risk of large and complex banks, exploring the establishment of the Single Supervisory Mechanism (SSM) in 2014 as a quasi-natural experiment.

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