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Measuring interconnectedness in a banking system and identifying the transmission channels of systemic risk is a main issue for the analysis of financial stability. We develop a methodology based on conditional tail risk networks to assess the channels of transmission in a banking system, and to...
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In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks … public funds to increase their exposure to risky domestic debt, so that when solvency risk in the Eurozone worsened the run … of private short-term investors from Eurozone banks intensified. (ii) In contrast, ECB’s announcement of being a …
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influences banks’ risk-taking behaviour. For the period from 2012:Q1 to 2018:Q4, covering 90 listed banks from 16 Eurozone …
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Die Eurozone hat sich langsamer von der Finanzkrise erholt als die USA. Dies gilt insbesondere für die … Volkswirtschaften am Rande des Währungsgebiets. Während die Vereinigten Staaten ein Finanzsystem haben, in dem sich Investoren und …
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This paper studies risk-taking by European banks. We construct a measure of risk-taking which relates changes in three month ahead expected credit standards for several non-financial private sector categories to risk of the macroeconomic environment banks operate in to reflect whether credit...
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