Trapp, Monika; Wewel, Claudio - In: Journal of Banking & Finance 37 (2013) 11, pp. 4241-4255
In this paper we study systemic risk for the US and Europe. We show that banks’ exposures to common risk factors are … crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are … than US banks. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide …