study uses market and banks? balance sheet data. It finds that systemic risk in Luxembourg banks, while mildly correlated … for the banking groups as well as for the Luxembourg banks. Finally, this study illustrates how models of default … of distress according to banks? business lines. As such, this study is a stepping stone toward developing an operational …

les actions des différents secteurs économiques des P.E.D. / This paper aims to show complementary of official banks and … microbanks in a stock-flow accounting framework initially proposed by Godley and Lavoie. We show that the official banks and … banks. The first category are the official commercial banks (banks) and the second category are the banks de facto (the …