This paper studies the systemic risk contribution of a set of large publicly traded European banks. Over a sample covering the last twenty years and three different crises, we find that all banks in our sample significantly contribute to systemic risk. Moreover, larger banks and banks with a...

Description of the evolution of financial market infrastructures in the last 30 years, focussed on changes in governance (from public or mutual entities to for-profit organisations, often listed), location (from country-based to international), business (from revenues linked to listing and...

Systemic risk is the risk of a collapse of the entire financial system, typically triggered by the default of one, or more, interconnected financial institutions. In this paper we estimate the systemic risk contribution of Italian listed banks for the period 2000-2011. We follow a methodology...