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Debt, Financial Fragility, and Systemic Risk
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In this paper, the economic theory of systemic risk financial instability 1966-90 systemic risk and financial market structure then further financial crises conclusion - themes and prospects, and the economic effects of financial fragility.Abstract:
Debt financial fragility in the corporate sector financial fragility in the personal sector economic effects of financial fragility the economic theory of systemic risk financial instability 1966-90 systemic risk and financial market structure then further financial crises conclusion - themes and prospects.read more
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Credit Risk in Two Institutional Regimes: Spanish Commercial and Savings Banks
Vicente Salas,Jesús Saurina +1 more
TL;DR: In this paper, the determinants of problem loans of Spanish commercial and savings banks in the period 1985-1997 were compared, taking into account both macroeconomic and individual bank level variables.
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Systemic risk: A survey
TL;DR: A broad concept of systemic risk, the basic economic concept for the understanding of financial crises, was developed in this paper, and the quantitative literature on systemic risk was surveyed in the light of this concept.
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Towards a Macroprudential Framework for Financial Supervision and Regulation
TL;DR: In this paper, the authors argue that in order to improve the safeguards against financial instability, it may be desirable to strengthen further the macro-prudential orientation of current prudential frameworks, a process that is already under way.
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Simulation methods to assess the danger of contagion in interbank markets
TL;DR: In this article, the authors provide a critical assessment of the modelling assumptions on which they are based, and discuss their use in financial stability analysis, concluding that contagious defaults are unlikely but cannot be fully ruled out, at least in some countries.
Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?
TL;DR: This article examined the causes and effects of bank insolvencies and how governments have responded to them, finding that both macroeconomic and microeconomic factors have figured in bank crises and that, based on the criteria developed here, few governments responded well to these episodes.