the globe. Moreover, since the onset of the euro zone sovereign debt crisis, the systemic risk in Europe also appeared to … affect the banking sector risk in other regions. While both effects are mentioned frequently in the public discourse on … banking sector risk contagion and regulation, a scientific examination of these inter-regional contagion effects is to the …

' 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 …

resolution reforms on the systemic risk of big financial conglomerates. We find that in developed countries, parents in a … stricter resolution regime have lower systemic risk contributions, compared to their foreign subsidiaries. The opposite is true … capital allocation through bail-in reduces systemic risk across the board, which has important implications for policymakers …

the macroprudential regulator at the national level. In this paper, we ask whether the drivers of systemic risk differ … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main … findings. First, on average, systemic risk increased during the financial crisis. The difference between systemic risk at the …

buffers leading to an increase in risk premia, from a heightened price of risk. Theoretically, I develop a model that predicts … that as buffers are announced 1) The price of risk increases, 2) Systemic risk falls, and 3) Intermediaries' risky asset … allocation decreases, as other agents with higher risk aversion increase their portfolio weights in the risky asset. Empirically …

I analyze the rapidly growing literature about systemic risk in financial markets and find an important commonality …. Systemic risk is regarded to be an endogenous outcome of interactions by rational agents on imperfect markets. Market … imperfections give rise to systemic externalities which cause an excessive level of systemic risk. This creates a scope for welfare …

system. The method also allows for what-if analyses to optimize the risk exposures, and to plan an emergency strategy in case …