organizations fail, the effect of complexity on BHCs' broader risk profiles is less well understood. Business, organizational, and … geographic complexity can engender explicit trade-offs between the agency problems that increase risk and the diversification …, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance …

We investigate the information content of stock correlation based network measures for systemic risk rankings, such as … complement currently available systemic risk ranking methods based on book or market values. A further analytical investigation …

(measured as a bank's liabilities divided by national GDP) are linked to banks displaying higher tail risk. This effect is not … entirely due to risk channels that disproportionately expose relatively large banks to systematic tail risks, sovereign risks …, or banking crises. Instead, we detect a persistent component in the tail risk of relatively large banks that is bank …

direct entry costs but results in risk concentration. This trade-off leads to a unique market structure, which is generally … underscore that policies aiming to achieve all-to-all trading, reduce risk concentration, or lower transaction costs can be …

This paper examines cyclical behavior of banks' systemic risk contribution and exposure. Using an unbalanced panel of … covering the period 2000:Q1-2017:Q4, we document that both systemic risk contribution and exposure are positively related to … business cycle. That is, systemic risk starts to accumulate in the financial sector during periods of boom, i.e., when the …

geographic complexity and evaluates its impact on systemic risk and how both the 2008–09 global financial crisis and the 2010 … complexity materially reduces systemic risk and enhances stability, as it encourages banks to take on more diversified risks … complexity affects systemic risk via its impact on bank size, activity diversity and foreign expansion strategies. Regardless of …