Systemic Risk in Banking

Olivier De Bandt, Philipp Hartmann and José Luis Peydró

in The Oxford Handbook of Banking

Published in print January 2012 | ISBN: 9780199640935
Published online September 2012 | | DOI:

Series: Oxford Handbooks in Finance

 Systemic Risk in Banking

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This article provides a comprehensive analysis of systemic risk, as the primary ingredient to understand financial crises and as a main rationale for banking regulation, prudential supervision, and crisis management. The second section provides the framework within which the theoretical and empirical literature is interpreted in the subsequent parts and briefly discusses its relevance for economic policy. The third section gives an overview of theoretical models explaining systemic risks in banking markets (including payment systems). The fourth section surveys econometric tests and some other quantitative empirical assessments of the various facets of systemic risk, focusing particularly on bank contagion but also on joint crises — for example, as caused by systematic shocks or the unravelling of imbalances that have built up over time. The fifth section concludes.

Keywords: systemic risks; financial crises; banking regulation; crisis management; banking markets; bank contagion

Article.  18475 words. 

Subjects: Economics ; Financial Markets ; Public Economics

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