Diversification of financial securities is considered a substantial element of portfolio risk. In this context, the … construction of an optimal portfolio is an ongoing concern for portfolio managers. This study measures the risk-reward tradeoffs … risk for DAX, MDAX, and CAC40 decreases from joining a common hypothetical stock market, while for FTSE100, FTSE MIB, and …

risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest and most risky institutions. In … the second part we analyze the drivers of systemic risk. We find compelling evidence that the increase in exposure to …

risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest institutions. In the second part … we analyse the drivers of systemic risk. We find compelling evidence that the increase in exposure to systemic risk …

risk as the Basel process unfolds. Most strikingly, we find that the exposure to systemic risk as measured by SRISK has … in containing systemic risk for the majority of European banks but not for the largest institutions. In the second part … we analyse the drivers of systemic risk. We find compelling evidence that the increase in exposure to systemic risk …