Grupp, Marcel - 2015 - This Version: April 2015
Although banks are at the center of systemic risk, there are other institutions that contribute to it. With the … private equity firms with their high-risk deals. Given these risks and the interconnectedness of the banks through the LBO … between 2000 and 2013 from 165 global banks, I show that banks with higher LBO exposure also have a higher level of systemic …