This article presents an analysis of the literature on systemic financial risk. To that end, we
analyze and classify 266 articles that were published no later than September 2016 in the …

The severity and longevity of the recession caused by the 2007 financial crisis has
highlighted the lack of a reliable macro-based financial regulation framework. As a …

Using bank level measures of competition and co-dependence, we show a robust negative
relationship between bank competition and systemic risk. Whereas much of the extant …

Deposit insurance is widely offered in a number of countries as part of a financial system
safety net to promote stability. An unintended consequence of deposit insurance is the …

Researchers increasingly turn to counterfactual simulations to estimate the danger of
contagion owing to exposures in the interbank loan market. This paper summarises the …

We propose a new approach to assess systemic financial stability of a banking system using
standard tools from modern risk management in combination with a network model of …

A framework for macroprudential regulation that defines systemic risk and macroprudential
policy, describes macroprudential tools, and surveys the effectiveness of existing …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …

THE commercial banking business has changed dramatically over the past 30 years, due in
large part to technological change. 1 Advances in telecommunications, information …

A main cause of the crisis of 2007–2009 is the various ways through which banks have
transferred credit risk in the financial system. We study the systematic risk of banks before …