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Bail-ins and bail-outs : incentives, connectivity, and systemic stability
Bernard, Benjamin; Capponi, Agostino; Stiglitz, Joseph E. - 2017
Persistent link: https://www.econbiz.de/10011738639
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Bail-ins and Bail-outs : Incentives, Connectivity, and Systemic Stability
Bernard, Benjamin - 2017
shock size above which sparser networks perform better is decreased; with sparser networks, a bail-in strategy is more …
Persistent link: https://www.econbiz.de/10012453964
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Bail-Ins and Bail-Outs : Incentives, Connectivity, and Systemic Stability
Bernard, Benjamin - 2017
: they improve the credibility of the regulator's no-bailout threat for large shocks and they reduce free-riding incentives …
Persistent link: https://www.econbiz.de/10012948447
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Interbank network and bank bailouts : insurance mechanism for non-insured creditors?
Eisert, Tim; Eufinger, Christian - 2013
the interbank market. Using a simple network structure, it shows that if there is a non-zero bailout probability, banks …
Persistent link: https://www.econbiz.de/10010226037
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On the optimal control of interbank contagion in the euro area banking system
Fukker, Gábor; Kok Sørensen, Christoffer - 2021
network of 373 banks. On the basis of an exogenous shock leading to defaults of some banks in the network, we find that the …
Persistent link: https://www.econbiz.de/10012519357
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Harmonic distances and systemic stability in heterogeneous interbank networks
Fukker, Gábor - 2017
This paper investigates the effects of contagion in interbank lending networks. I introduce a new measure based on the harmonic distance of Acemoglu et al. (2015b) and, motivated by their theoretical results, compare it to well-known centrality measures already applied in the systemic risk...
Persistent link: https://www.econbiz.de/10011579475
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On the Optimal Control of Interbank Contagion in the Euro Area Banking System
Fukker, Gábor; Kok, Christoffer - 2021
network of 373 banks. On the basis of an exogenous shock leading to defaults of some banks in the network, we find that the …
Persistent link: https://www.econbiz.de/10013226863
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Interbank Networks and Backdoor Bailouts : Benefiting from other Banks' Government Guarantees
Eisert, Tim - 2018
This paper explains why banks derive a benefit from being highly interconnected. We show that when banks are protected by government guarantees they can significantly increase their expected returns by channeling funds through the interbank market before these funds are invested in real assets....
Persistent link: https://www.econbiz.de/10012940332
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Rethinking Financial Stability : Challenges Arising from Financial Networks’ Modular Scale-Free Architecture
León, Carlos - 2014
Evidence from the main Colombian payment and settlement systems verifies that local financial networks have self-organized into a modular (i.e. clustered) scale-free (i.e. inhomogeneous) architecture that favors everyday robustness and performance in exchange for rare episodes of fragility but...
Persistent link: https://www.econbiz.de/10013058408
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Shock amplification in an interconnected financial system of banks and investment funds
Sydow, Matthias; Schilte, Aurore; Covi, Giovanni; … - 2021
This paper shows how the combined endogenous reaction of banks and investment funds to an exogenous shock can amplify … model of contagion propagation using a very large and granular data set for the euro area. Based on the economic shock … caused by the Covid-19 outbreak, we model three sources of exogenous shocks: a default shock, a market shock and a redemption …
Persistent link: https://www.econbiz.de/10012603035