the banking system that is characterized by the interaction of many heterogeneous banks with the real sector, interbank … credit relations as a consequence of bank liquidity management and an insolvency mechanism. This allows us to study the … defaults arising from mutual credit relations. We show that the impact of capital adequacy on systemic stability is ambiguous …

the banking system that is characterized by the interaction of many heterogeneous banks with the real sector, interbank … credit relations as a consequence of bank liquidity management and an insolvency mechanism. This allows us to study the … defaults arising from mutual credit relations. We show that the impact of capital adequacy on systemic stability is ambiguous …

risk that can be viewed as an extension of the capital asset pricing model. They analyze equilibrium prices of securities …Credit risk models used in quantitative risk management treat credit risk analysis conceptually like a single person … decision problem. From this perspective an exogenous source of risk drives the fundamental parameters of credit risk …

risk that can be viewed as an extension of the capital asset pricing model. They analyze equilibrium prices of securities …Credit risk models used in quantitative risk management treat credit risk analysis conceptually like a single person … decision problem. From this perspective an exogenous source of risk drives the fundamental parameters of credit risk …

The term Systemic Risk belongs to the standard rhetoric of economic policy discussions related to the banking industry …. Besides of the goal of protecting small depositors control of systemic risk is given as one of the main arguments for banking … effectiveness and the economic consequences of various instruments of banking regulation that are intended to attenuate it are still …

The term Systemic Risk belongs to the standard rhetoric of economic policy discussions related to the banking industry …. Besides of the goal of protecting small depositors control of systemic risk is given as one of the main arguments for banking … effectiveness and the economic consequences of various instruments of banking regulation that are intended to attenuate it are still …