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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