Where the Risks Lie: A Survey on Systemic Risk

Sylvain Benoît, Jean-Edouard Colliard, Christophe Hurlin and Christophe Perignon ()
Additional contact information
Sylvain Benoît: LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: We review the extensive literature on systemic risk and connect it to the current regulatory debate. While we take stock of the achievements of this rapidly growing field, we identify a gap between two main approaches. The first one studies different sources of systemic risk in isolation, uses confidential data, and inspires targeted but complex regulatory tools. The second approach uses market data to produce global measures which are not directly connected to any particular theory, but could support a more efficient regulation. Bridging this gap will require encompassing theoretical models and improved data disclosure.

Keywords: Financial Crises; Too-Big-To-Fail; Banking; Macroprudential Regulation; Systemically Important Financial Institutions (search for similar items in EconPapers)
Date: 2015-11-13
New Economics Papers: this item is included in nep-cba, nep-ger and nep-rmg
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01142014v2
References: View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Downloads: (external link)
https://shs.hal.science/halshs-01142014v2/document (application/pdf)

Related works:
Journal Article: Where the Risks Lie: A Survey on Systemic Risk (2017)
Working Paper: Where the Risks Lie: A Survey on Systemic Risk (2017)
Working Paper: Where the Risks Lie: A Survey on Systemic Risk (2015)
Working Paper: Where the Risks Lie: A Survey on Systemic Risk (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-01142014

DOI: 10.2139/ssrn.2577961

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().