Results 281 to 290 of about 1,399,550 (313)

Asymmetric Systemic Risk

SSRN Electronic Journal, 2022
La réglementation bancaire moderne repose sur le principe que les risques se propagent plus facilement des grandes banques au système bancaire que dans le sens inverse. Or, nous montrons le contraire, à savoir que les risques sont plus susceptibles d’être transmis aux banques par le système.
Raykov, Radoslav, Silva-Buston, Consuelo   +1 more
openaire   +2 more sources

What Is Systemic Risk?

Journal of Money, Credit and Banking, 2013
The traditional view of risk in a financial system is that it is the summation of individual risks within the system. However, the financial crisis that started in 2007 has driven home that this view of risk is inadequate. It is the interactions of financial institutions and markets that determine the systemic risks that drive financial crises.
Allen, Franklin, Carletti, Elena
openaire   +4 more sources

Systemic Risk in Financial Systems

Management Science, 2001
We consider default by firms that are part of a single clearing mechanism. The obligations of all firms within the system are determined simultaneously in a fashion consistent with the priority of debt claims and the limited liability of equity. We first show, via a fixed-point argument, that there always exists a “clearing payment vector” that clears
Larry Eisenberg, Thomas H. Noe
openaire   +1 more source

Systemic Risk: A Survey [PDF]

SSRN Electronic Journal, 2000
This paper develops a broad concept of systemic risk, the basic economic concept for the understanding of financial crises. It is claimed that any such concept must integrate systemic events in banking and financial markets as well as in the related payment and settlement systems.
De Bandt, Olivier, Hartmann, Philipp
openaire   +3 more sources

Risk and Systems Theory

Risk Analysis, 2002
The last few decades have seen increasingly widespread use of risk assessment and management techniques as aids in making complex decisions. However, despite the progress that has been made in risk science, there still remain numerous examples of risk‐based decisions and conclusions that have caused great controversy.
Adam J, Hatfield, Keith W, Hipel
openaire   +2 more sources

Geopolitical Risk and Systemic Risk in the European Banking System

Finance Research Letters
This paper investigates how banks' exposure to geopolitical risks in the foreign countries where they operate affects systemic risk in the European banking sector. Using a quarterly panel of 229 listed European banks from 2000Q1 to 2023Q4, we construct a novel bank-level measure combining Caldara and Iacoviello's (2022) country-specific GPR indices ...
Gabbiadini, Mirko, Meoli, Michele, Vismara, Silvio   +2 more
openaire   +2 more sources

Contextualizing systemic risk [PDF]

, 2013
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
openaire   +1 more source

Risk Management and Systemic Risk

2007
Financial policy is today a central concern of economic policy. This has not always been the case. Prior to the financial liberalization initiated in the early 1970s, financial issues did not play a major role in post-War policy-making. Liberalization, combined with remarkable developments in financial analysis, has dramatically changed the policy ...
openaire   +1 more source

Does the source of oil price shocks matter for the systemic risk?

Energy Economics, 2022
Ting Yao
exaly  

Russia–Ukraine war and systemic risk: Who is taking the heat?

Finance Research Letters, 2022
Muhammad Suhail Rizwan, Ghufran Ahmad, Dawood Ashraf   +2 more
exaly