This paper introduces a two-step strategy, the synthetic control method combined with the difference-in-differences method, to evaluate the effectiveness of the Dodd-Frank Act (DFA). We find no evidence from our counterfactual analysis in support of the DFA reducing systemic risk in the US...

We examine systemic risk in the Chinese banking system by estimating the conditional value at risk (CoVaR), the marginal expected shortfall (MES), the systemic impact index (SII) and the vulnerability index (VI) for 16 listed banks in China. Although these measures show different patterns, our...

This paper examines how the impact of financial crises on bank earnings volatility (proxied by the volatility of return on assets) varies with bank size and market concentration. Using fixed effects panel regression analysis for more than 1800 banks from OECD and non-OECD economies for the...