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We analyze the relationship between asset price bubbles and systemic risk, using bank-level data covering almost thirty …
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builds up, during the run-up phase of crises and asset price bubbles, and increases when systemic risk materializes …
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We analyze the relationship between asset price bubbles and systemic risk, using bank-level data covering almost thirty … years. Systemic risk of banks rises already during a bubble’s build-up phase, and even more so during its bust. The increase …
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Over the past two years, the key trading economies in SE Asia experienced major economic crises, involving financial turbulence, large capital outflows and currency depreciations. These, in turn, resulted in severe financial constraints and business failures and required major domestic...
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