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The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically … to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the Bank …
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The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
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