This paper extends the approach of measuring and stress-testing the systemic risk of a banking sector in Huang, Zhou …, and Zhu (2009) to identifying various sources of financial instability and to allocating systemic risk to individual … financial institutions. The systemic risk measure, defined as the insurance cost to protect against distressed losses in a …

This paper examines the impact of bank heterogeneity on the assessment of systemic risk in the context of the German … banking sector. Precisely, it is questioned whether currently employed systemic risk indicators are able to account for banks …' heterogeneity and to signal systemic risk reliably regardless of different bank types’ individual characteristics. For the …