Akkoyun, Huseyin Cagri; Karasahin, Ramazan; Keles, Gursu - Türkiye Cumhuriyet Merkez Bankası - 2013
In this study, we measure systemic importance of individual banks that are listed in the Istanbul Stock Exchange. Regarding the whole system as a portfolio of individual banks, we calculate the system-wide risk via contingent claims analysis. Using Shapley values, we assess the...