References
- 1. Chakrabarty, B. and Zhang, G. (2012). Credit Contagion Channels: Market Microstructure Evidence from Lehman Brothers’ Bankruptcy. Financial Management, 41(2), pp. 320-343.10.1111/j.1755-053X.2012.01194.x
- 2. Cincinelli, P. and Piatti, D. (2017). Non Performing Loans, Moral Hazard & Supervisory Authority: The Italian Banking System. Journal of Financial Management, Markets and Institutions, 1, pp. 5-34.
- 3. Doblas-Madrid, A. and Minetti, R. (2013). Sharing information in the credit market: Contract-level evidence from US firms. Journal of Financial Economics, 109(1), pp.198-223.10.1016/j.jfineco.2013.02.007
- 4. Egloff, D. and Leippold, M. (2007). A simple model of credit contagion. Journal of Banking & Finance, 31(8), pp. 2475-2492.10.1016/j.jbankfin.2006.10.023
- 5. Giesecke, K. and Weber, S. (2006). Credit contagion and aggregate losses. Journal of Economic Dynamics and Control, 30(5), pp. 741-767.10.1016/j.jedc.2005.01.004
- 6. Grubišić, Z., Kamenković, S., Kaličanin, T. (2021). Comparative Analysis of the Banking Sector Competitiveness in Serbia and Montenegro. Journal of Central Banking Theory and Practice, 10(1), pp. 75-91.10.2478/jcbtp-2021-0004
- 7. Grubišić, Z., Kamenković, S., Kaličanin, T. (2022). Market Power and Bank Profitability: Evidence from Montenegro and Serbia. Journal of Central Banking Theory and Practice, 3(1), pp. 5-22.10.2478/jcbtp-2022-0001
- 8. Jensen, M.C. and Meckling, W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), pp. 305-360.10.1016/0304-405X(76)90026-X
- 9. Jimenez, G. and Saurina, J. (2005). Credit cycles, credit risk, and prudential regulation. Banco de España working paper, January 2005.
- 10. Jović, Ž. (2017). Determinants of credit risk-the case of Serbia. Economic Annals, LXII (212), pp. 155-188.10.2298/EKA1712155J
- 11. Jorion, P. and Zhang, G. (2007). Good and bad credit contagion: Evidence from credit default swaps. Journal of Financial Economics, 84(3), pp. 860-883.10.1016/j.jfineco.2006.06.001
- 12. Jorion, P. and Zhang, G. (2009). Credit Contagion from Counterparty Risk. The Journal of Finance, 64(5), pp. 2053-2087.10.1111/j.1540-6261.2009.01494.x
- 13. Kahneman, D. and Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk, Econometrica, 47(2), pp. 263-291.10.2307/1914185
- 14. Karapetyan, A. and Stacescu, B. (2014). Does information sharing reduce the role of collateral as a screening device?. Journal of Banking & Finance, 43, 48-57.10.1016/j.jbankfin.2014.02.010
- 15. Kaufman, G.G. (1994). Bank Contagion: A Review of the Theory and Evidence. Journal of Financial Services, 8, pp. 123–150.10.1007/BF01053812
- 16. Manove, M., Padilla, A.J., Pagano, M. (2001). Collateral versus project screening: A model of lazy banks. Rand Journal of Economics, pp. 726-744.10.2307/2696390
- 17. Müller, J. (2006). Interbank Credit Lines as a Channel of Contagion. Journal of Financial Services Research, 29, pp. 37–60.10.1007/s10693-005-5107-2
- 18. Nier, E. and Baumann, U. (2006). Market discipline, disclosure and moral hazard in banking. Journal of Financial Intermediation, 15(3), pp. 332-361.10.1016/j.jfi.2006.03.001
- 19. Niinimäki, J.P. (2009). Does collateral fuel moral hazard in banking?. Journal of Banking & Finance, 33(3), pp. 514-521.10.1016/j.jbankfin.2008.09.008
- 20. Salas, V. and Saurina, J. (2002). Credit Risk in Two Institutional Regimes: Spanish Commercial and Savings Banks. Journal of Financial Services Research, 22, pp. 203–224.10.1023/A:1019781109676
- 21. Tanasković, S. and Jandrić, M. (2015). Macroeconomic and institutional determinants of non-performing loans. Journal of Central Banking Theory and Practice, 4(1), 47-62.10.1515/jcbtp-2015-0004
- 22. Tversky, A. and Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5(4), pp. 297-32310.1007/BF00122574
- 23. Weill, L. and Godlewski, C.J. (2009). Collateral and adverse selection in transition countries. Eastern European Economics, 47(1), pp. 29-40.10.2753/EEE0012-8775470102
- 24. Zhang, D., Cai, J., Dickinson, D.G., Kutan, A.M. (2016). Non-performing loans, moral hazard and regulation of the Chinese commercial banking system. Journal of Banking & Finance, 63, pp. 48-60.10.1016/j.jbankfin.2015.11.010
- 25. Živanović, B., Đulić, K., Jolović, A. (2020). Financial Borrowing by Local State-Owned Enterprises in Serbia: An Assessment of National Practice, Journal of Central Banking Theory and Practice, 9(1), 45-59.10.2478/jcbtp-2020-0003