The multi-layer network nature of systemic risk and its implications for the costs of financial crises
S Poledna, JL Molina-Borboa… - Journal of Financial …, 2015 - Elsevier
The inability to see and quantify systemic financial risk comes at an immense social cost.
Systemic risk in the financial system arises to a large extent as a consequence of the …
Systemic risk in the financial system arises to a large extent as a consequence of the …
Elimination of systemic risk in financial networks by means of a systemic risk transaction tax
S Poledna, S Thurner - Quantitative finance, 2016 - Taylor & Francis
Financial markets are exposed to systemic risk (SR), the risk that a major fraction of the
system ceases to function, and collapses. It has recently become possible to quantify SR in …
system ceases to function, and collapses. It has recently become possible to quantify SR in …
Does financial connectedness predict crises?
The global financial crisis has reignited interest in models of crisis prediction. It has also
raised the question whether financial interconnectedness—a possible source of systemic …
raised the question whether financial interconnectedness—a possible source of systemic …
Basel III capital surcharges for G-SIBs are far less effective in managing systemic risk in comparison to network-based, systemic risk-dependent financial transaction …
S Poledna, O Bochmann, S Thurner - Journal of Economic Dynamics and …, 2017 - Elsevier
In addition to constraining bilateral exposures of financial institutions, there exist essentially
two options for future financial regulation of systemic risk: First, regulation could attempt to …
two options for future financial regulation of systemic risk: First, regulation could attempt to …
Are systemic banking crises in developed and develo** countries predictable?
M Hamdaoui - Journal of Multinational Financial Management, 2016 - Elsevier
This paper contributes to the empirical literature on early warning systems of banking crises
using a new methodology accounting for model uncertainty. We introduce new variables …
using a new methodology accounting for model uncertainty. We introduce new variables …
Financial liberalization and systemic banking crises: A meta-analysis
M Hamdaoui - International Economics, 2017 - Elsevier
This paper provides systematic analysis of the empirical literature about the relation
between financial liberalization and banking crises by conducting a meta-analysis. To our …
between financial liberalization and banking crises by conducting a meta-analysis. To our …
Is there a mission drift in microfinance? Some new empirical evidence from Uganda
FA Darko - 2016 - econstor.eu
This paper considers the possibility of mission drift in microfinance; a situation where
Microfinance Institutions (MFIs) move away from targeting the poor and towards better-off …
Microfinance Institutions (MFIs) move away from targeting the poor and towards better-off …
The global financial crisis revisited: Competition and regulation
YJ Choi - Global Economic Review, 2013 - Taylor & Francis
Using data of the systematic banking crises from 1981 to 2008, we examine how competition
and regulation are related to the crises. We find that countries with higher concentration …
and regulation are related to the crises. We find that countries with higher concentration …
Basel III capital surcharges for G-SIBs fail to control systemic risk and can cause pro-cyclical side effects
S Poledna, O Bochmann, S Thurner - arxiv preprint arxiv:1602.03505, 2016 - arxiv.org
In addition to constraining bilateral exposures of financial institutions, there are essentially
two options for future financial regulation of systemic risk (SR): First, financial regulation …
two options for future financial regulation of systemic risk (SR): First, financial regulation …
[PDF][PDF] An analysis of financial integration: Now and then
D Bhowmik - Dr. Ajit Dhar Dubey, 2014 - academia.edu
The article endeavours to analyse on Financial integration which is a process through which
a country's financial markets become more closely integrated with those in other countries or …
a country's financial markets become more closely integrated with those in other countries or …