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financial risk and impact financial stability. This paper explores the specific features of climate-related financial risks … policy-makers have in the face of such risk. It finds that there are significant challenges associated with ‘greening …
Persistent link: https://www.econbiz.de/10012427917
-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …
Persistent link: https://www.econbiz.de/10014558804
context, this paper analyzes the systemic risk of both banks and non-bank sectors (securities firms and insurance companies …) in South Korea over different time periods. Using the widely recognized ΔCoVaR methodology for measuring systemic risk …, the analysis reveals that systemic risk increased substantially across all three sectors (banks, securities firms, and …
Persistent link: https://www.econbiz.de/10014496710
' systemic importance and risk-taking incentives. Empirical findings indicate that tightening the general capital requirements … criteria significantly reduce banks' contribution to systemic risk and their individual risk-taking. A similar effect has been …' risk is shaped through several channels like bank size, the share of foreign bank assets, banking sector competition and …
Persistent link: https://www.econbiz.de/10012933123
Persistent link: https://www.econbiz.de/10011790739
risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest and most risky institutions. In … the second part we analyze the drivers of systemic risk. We find compelling evidence that the increase in exposure to …
Persistent link: https://www.econbiz.de/10012910412
risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest institutions. In the second part … we analyse the drivers of systemic risk. We find compelling evidence that the increase in exposure to systemic risk …
Persistent link: https://www.econbiz.de/10012946327
risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest institutions. In the second part … we analyse the drivers of systemic risk. We find compelling evidence that the increase in exposure to systemic risk …
Persistent link: https://www.econbiz.de/10012950027
After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...
Persistent link: https://www.econbiz.de/10011477338
In this paper, we examine the impact of adopting macroprudential policies on bank risk taking and systemic risk. Using … find that macroprudential policy instruments mitigate bank risk taking and lower systemic risk. The mitigation depends on …' assets or liabilities are not effective. We find the impact of borrower-targeted macroprudential policies on systemic risk is …
Persistent link: https://www.econbiz.de/10012915535