in the safety net and the integrated risk management over bank and insurance industry. First, the safety net institutions … regulatory regimes over bank and insurance industry may induce the regulatory capital arbitrage chances, and lead to the risk … transfer among the financial institutions. Worse scenario is that this may trigger the increase of the systemic risk and that …

, 보증보험의 팻테일 리스크(Fat-Tail Risk)는 손해보험과의 겸영 시 발생할 수 있는 다각화 효과를 제약할 수 있음을 확인하였다. 이러한 분석 결과는 보증보험과 손해보험의 겸업을 허용하는 보증보험 산업구조의 개편이 … should take into consideration of financial system risk in terms of macro-prudential policy. The main empirical results using … the Korean guarantee insurance data show how much the guarantee insurance is related with the financial system risk in the …

English Abstract: The importance of systemic risk has been highlighted since the 2008 global financial crisis. In this … paper, we propose a model that considers the cross-sectional and time series aspects of systemic risk simultaneously. Using … a network model, we analyze the systemic risk within the banking sector. As a result, we measured the time series of …