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This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G-SIBs) impacts the market value of large banks. We analyze the stock price reactions for the 300 largest banks from 52 countries across 12 relevant regulatory announcement and...
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Systemic risk is a fundamental constituent of contemporary financial systems. For the past decades a growing number of abrupt upsets in financial systems could be observed. Due to previous experiences, politicians and regulators prefer to identify the off enders outside the system or to blame...
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locations of large-bank branches have demographics typically associated with greater financial sophistication, large-bank …
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The ability to accurately estimate the extent to which the failure of a bank disrupts the financial system is very … of a bank in a payment system and identifies banks most affected by the failure. SinkRank is based on absorbing Markov … chains, which are well-suited to model liquidity dynamics in payment systems. Because actual bank failures are rare and the …
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reliable answer can be obtained with the aid of complex network theory. In particular, the authors show how it is possible to … this method they provide a community description of the Japanese bank-firm credit network, getting evidence of a … strengthening of communities over time and finding support for the well-known Japanese main ''bank'' system. Thus, the authors find …
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