Bailouts increase moral hazard and exacerbate risk taking (strategic effect). However, they also decrease the … probability of actual failure, thereby increase firm value, which in turn decreases the individual incentive to take risk (value … in concentrated markets, but firms take less risk in fragmented markets in the presence of bailouts. The overall effect …

In this publication we are interested in the systematic risk affecting certain categories of entities in the financial … sector defined as G-SII and O-SII; in the macro-prudential supervision is imposed capital reserves for systemic risk … risk committee, CERS. After taking a look at the situation of Italian banks with reference to the effects of the 2008 …