Information Contagion and Inter-Bank Correlation in a Theory of Systemic Risk1 Viral V. Acharya2 London Business School … and CEPR Tanju Yorulmazer3 New York University J.E.L. Classification: G21, G28, G38, E58, D62. Keywords: Systemic risk … suggesting that the channel of information spillovers be examined as a source of systemic risk, to Amil Dasgupta, John Moore, and …

This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or … are used as a measure for interdependencies among European banks, and hence for the systemic risk potential in Europe … interdependencies among European banks have increased over the past 15 years and that the potential of systemic risk has shifted from a …

capital vs. classic current account crises is needed. Good core institutions reduce systemic risk; well-staged DFL is also low …, contradicting the big bang approach. Systemic risk is assessed here using Bank for International Settlements (BIS) indicators of …

The financial crisis which began in the summer of 2007 has its roots in the under-estimation of systemic risk, in turn …