Trapp, Monika and Wewel, Claudio (2013). Transatlantic systemic risk. J. Bank Financ., 37 (11). S. 4241 - 4256. AMSTERDAM: ELSEVIER. ISSN 1872-6372
Full text not available from this repository.Abstract
In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European banks react more strongly to the onset of the financial crisis than US banks. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide range of real sectors is limited. Our results imply that regulators and supervisors should address international bank dependencies arising from common risk factors, while recessions in real sectors due to bank defaults should be a secondary concern. (C) 2013 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||||||||||
Creators: |
|
||||||||||||
URN: | urn:nbn:de:hbz:38-472844 | ||||||||||||
DOI: | 10.1016/j.jbankfin.2013.07.024 | ||||||||||||
Journal or Publication Title: | J. Bank Financ. | ||||||||||||
Volume: | 37 | ||||||||||||
Number: | 11 | ||||||||||||
Page Range: | S. 4241 - 4256 | ||||||||||||
Date: | 2013 | ||||||||||||
Publisher: | ELSEVIER | ||||||||||||
Place of Publication: | AMSTERDAM | ||||||||||||
ISSN: | 1872-6372 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
Uncontrolled Keywords: |
|
||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/47284 |
Downloads
Downloads per month over past year
Altmetric
Export
Actions (login required)
View Item |