regulation, recovery and resolution, and risk culture. …

This paper studies the significant variation in the cross-section of standalone and systemic risk of large banks during … the recent financial crisis to identify bank specific factors that determine risk. We find that systemic risk grows with … capital on standalone bank risk. Our results contribute to the ongoing debate on the merits of imposing systemic risk …

This paper proposes a theoretically based and easy-to-implement way to measure the systemic risk of financial … the face value of the debt of the entire sector. We conceive of an individual bank's systemic risk as its contribution to … losses or reluctant to exercise the call, the government itself becomes a secondary source of systemic risk. We apply our …

This paper proposes a theoretically based and easy-to-implement way to measure the systemic risk of financial … the face value of the debt of the entire sector. We conceive of an individual bank's systemic risk as its contribution to … losses or reluctant to exercise the call, the government itself becomes a secondary source of systemic risk. We apply our …

investigate how the structure of those networks can affect the capacity of regulators to assess the level of systemic risk. We … of systemic risk in terms of expected losses. We further quantify the effects of cyclicality, leverage, volatility and …