measures allow us to rank firms in terms of risk connectedness and firm characteristics. We present a general systemic risk …. Second, the systemic risk in the financial sector built–up from early 2005, peaked in September 2008, and greatly reduced … after the introduction of TARP and the rescue of AIG. Anxiety about European debt markets saw the systemic risk begin to …

. Furthermore, the risk premium reveals insignificant estimates in both time periods, while asymmetric effects are found to exist … firm size, the impacts arising from the industry policy reform, and how firm size is related to financial risk management …

-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions …-based: scalable, short-term, capital constrained, and with the ability to generate risk fromconcentrated positions. When a bank …-ante. And a bank may use trading for risk-shifting.Financial development augments the scalability of trading, which initially …

circumstances. The model, which measures additional bank capital required to compensate for fluctuating credit risk, is a novel …) which measures additional returns to compensate for additional share price risk. …

become more probable too and systemic risk will actually go up after conversion. CoCo’s thus lead to a direct conflict … stress. Finally the link between CoCo conversion and systemic risk highlights the tradeoffs that a regulator faces in …

This paper deals with the relation between excessive risk taking and capital structure in banks. Examining a quarterly … leverage is high, and that more risk taking has a negative impact on valuation of the debt of highly leveraged banks. We find … no evidence that deposit insurance is encouraging risk taking behaviour. We do find that banks with a more troubled loan …