Two distinguished CERGE-EI alums, Martin Cihák (PhD, 2002) and Tigran Poghosyan (PhD, 2008) published an article today on the influential VoxEU.org website titled “Anatomy of distress in European banks before and during the crisis“. The authors, both working at the IMF, note that there have been no comprehensive studies of bank distress covering the entire European Union as a whole.
After building their data set, their conclusions indicate that they “…find that recent financial integration policies in the EU have led to convergence of bank risks across EU members. This could justify a closer coordination of financial supervision in Europe.”
This article is not the first posted on VoxEU.org by CERGE-EI grads at the IMF. Emil Stavrev (PhD, 2000) has had articles appear recently as well, the latest being co-authored with Martin Cihák appearing just a few weeks ago on Eurozone monetary policy and Jiří Podpiera (PhD, 2005) has had two postings as well appear online.