accurate and timely monitoring of risk. With the use of equity market information, this paper aims to propose an empirical … forecasting model that assesses the risk in the banking industry. Contrary to previous studies which tend to focus on individual … bank failures, an effort has been made to forecast the risk of the banking industry as a whole. By looking at individual as …

English Abstract: This paper investigates how the optimal decisions of bond holders affect the credit risk of firms …

편중위험증대로 금융산업 전체의 시스템위험(Systemic Risk)이 고조되는데 대한 우려의 목소리도 높아졌다. 본고에서는 은행대형화가 은행산업의 위험수준에 미치는 영향과 예금보험기금 건전성에 미치는 효과를 분석하였다. 이를 … investigate the relationship between bank consolidation and systemic risk utilizing panel regressions and the EDF(Expect Default … accumulation of more deposit insurance fund due to the increased level of systemic risk. In conclusion, our findings suggest that …

institutions as they pay the same fixed rate regardless of their default risk. While previous studies such as Merton (1977)'s model … solution for the put back options developed in Lee and Joh (2007), this paper derives a solution for risk-based deposit …

methodology. This paper argues that estimating the fund by employing the credit risk model is not proper in light of the … from failed financial institutions while government as an ultimate risk-absorber covers the unexpected losses. In … similar estimate in comparison with that of earlier research using the credit risk model. The similarity stems from the …