Wagner, Wolf - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 1, pp. 96-111
We review the banking literature with the view of identifying systemic externalities arising from bank failures. We are … particularly interested in how such externalities may depend on the characteristics of the financial system at the time of failure … suggest that externalities are higher at times when other banks are failing as well or are close to failure. We discuss the …
