Although banks are at the center of systemic risk, there are other institutions that contribute to it. With the … private equity firms with their high-risk deals. Given these risks and the interconnectedness of the banks through the LBO … loan syndicates, I shed light on the impact of a bank's LBO loan exposure on its systemic risk. By using 3,538 observations …

additional aspect of necessary orchestration has emerged, that is the need to control systemic risk. Specific attention is paid …

class of models for systemic risk, incorporating the structural characteristics of the financial system and a feedback …

class of models for systemic risk incorporating the structural characteristics of the financial system and feedback … wrong policy choices. To mitigate this risk, SAFE develops two modeling perspectives: a set of medium term (six … public version of SAFE EWS to enhance systemic risk stress testing and scenario analysis. The paper shows econometric results …

class of models for systemic risk that incorporates the structural characteristics of the financial system and a feedback …

wealth transfers between CoCo holders and shareholders, which may change risk-shifting incentives to shareholders. Higher … risk increases the probability of CoCo conversion, while lowering the wealth transfer. We show that for Principal …-Write-Down (PWD) CoCos, the net effect is to always increase risk-shifting incentives, while for equity-converting CoCos, it depends …

risk, leading to a higher level of systemic risk in the financial system. We apply ∆CoVaR, introduced by Adrian and … Brunnermeier (2011), as the measure of systemic risk. Our sample uses 744 listed commercial banks and covers 34 countries. Our work … shows that more legal protection leads to higher level of systemic risk. This result supports the “dark side” of the strong …

episodes of intensi fied (systemic) bank risk: specialization (capturing overexposures), differentiation (capturing indirect … nd that both individual and systemic bank risk decrease withspecialization. Indirect connectedness of banks is … particularly (and negatively) related to individual bank risk, whereas direct connectedness of banks is particularly (and …