through the correlation of their abnormal equity returns and market-based measures of systemic risk. We discuss some potential … amplification, and exploring new ways to internalize the costs of systemic risk. …

Cyclical systemic risk arises when macro-financial imbalances accumulate over time. Past financial crises which … cyclical systemic risk indicator (cSRI). The cSRI is driven by the 2-year growth rate in real bank credit, the 1-year change in …

content, has recently led to heated controversy. This article analyzes the fundamental components of systemic risk in …

important banks that tolerate relatively high levels of exposure to systemic risk. Hence, stock repurchases add to reducing risk …, about idiosyncratic as well as systemic risk, and, hence, implicitly also about bank resiliency. While regulators generally … stability of the financial sector as a whole. This implies to ensure that systemic risk remains within socially acceptable …