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Blanka Skrabic Peric and Nikola Konjusak

countries. Wesleyan University. Wesleyan Economic Working Papers No. 2013-008. Bonin, J. P. and Schnabel, I. 2011. The great transformation: From government-owned to foreign-controlled banking sectors. Economics of Transition 19 (3): 397–405. Bonin, J. P., Hasan, I. and Wachtel, P. 2005. Privatization matters: Bank efficiency in transition countries. Journal of Banking & Finance 29 (8-9): 2155–2178. Cerutti, E., Ilyina, A., Makarova, Y. and Schmieder, C. 2010. Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks

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Uwe Vollmer

International Money and Finance , No. 52, pp. 32–59. Buch, C. M., DeLong, G. (2008), Do Weak Supervisory Systems Encourage Bank Risk-Taking?, Journal of Financial Stability , 4, pp. 23–39. Carbo-Valverde, S., Kane, E. J., Rodriguez-Fernandez, F. (2012), Regulatory Arbitrage in Cross-Border Banking Mergers within the EU, Journal of Money, Credit, and Banking , 44 (8), pp. 1609–1629. Cerutti, E., Ilyina, A., Makarova, Y., Schmieder, C. (2014), Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks , IMF WP 10/247, Washington