Too big to fail or Too non-traditional to fail: The determinants of banks systemic importance Reportar como inadecuado




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Abstract

This paper empirically analyzes the determinants of banks-systemic importance. In constructing a measure on the systemic importanceof financial institutions we find that size is a leading determinant. Thisconfirms the usual -Too big to fail- argument. Nevertheless, banks with size above a sufficiently high level have equal systemic importance. In addition to size, we find that the extent to which banks engage in non-traditional banking activities is also positively related tobanks- systemic importance. Therefore, in addition to ``Too big to fail-, systemically important financial institutions can also be identified by a -Too non-traditional to fail- principle.



Item Type: MPRA Paper -

Original Title: -Too big to fail- or -Too non-traditional to fail-?: The determinants of banks- systemic importance-

Language: English-

Keywords: Too-big-to-fail, systemic importance, systemic risk,non-traditional banking, extreme value theory-

Subjects: G - Financial Economics > G0 - General > G01 - Financial CrisesG - Financial Economics > G2 - Financial Institutions and ServicesG - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation-





Autor: Moore, Kyle

Fuente: https://mpra.ub.uni-muenchen.de/45589/







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