risk. Current reporting standards for derivatives exposures are nevertheless inadequate for assessing these systemic risk … contributions. In this paper, I explain how a transparency standard, in contrast to the current standard, would facilitate such risk … lack of standardization, they cannot be aggregated to assess the risk to the system. I highlight the important contribution …

bankruptcy reduce corporate risk-taking. In cross-country analysis, we find that stronger creditor rights induce greater … performance. In countries with strong creditor rights, firms also have lower cash flow risk and lower leverage, and there is …

. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative …