Are Banks Too Big to Fail? Measuring Systemic Importance of Financial Institutions

Language: English

Published by Books On Demand, Bibliogov, 2012

124945560X / 9781249455608

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Neuware - This paper considers three measures of the systemic importance of a financial institution within an interconnected financial system. The measures are applied to study the relation between the size of a financial institution and its systemic importance. Both the theoretical model and empirical analysis reveal that, when analyzing the systemic risk posed by one financial institution to the system, size should not be considered as a proxy of systemic importance. In other words, the too big to fail argument is not always valid, and measures of systemic importance should be considered. We provide the estimation methodology of systemic importance measures under the multivariate extreme value theory (EVT) framework.

Seller Inventory # 9781249455608

Title
Are Banks Too Big to Fail? Measuring Systemic Importance of Financial Institutions
Author
Chen Zhou De Nederlandsche
Publisher
Books On Demand, Bibliogov
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
124945560X
ISBN 13
9781249455608
Item weight
113 grams
Dimensions
246x189x3 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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