Demirguc-Kunt, Asli; Huizinga, Harry - Economics Research, World Bank Group - 2011
For an international sample of banks, the authors construct measures of a bank's absolute size and its systemic size … banks with a trade-off between risk and return, systemic size is an unmitigated bad, reducing return without a reduction in … risk. Despite too-big-to-fail subsidies, the analysis finds that systemically large banks are subject to greater market …