Banking Regulation and Systemic Risk

Summer, Martin

Banking Regulation and Systemic Risk

Open Economies Review, 2003, vol. 14, issue 1, 43-70

Abstract: The term Systemic Risk belongs to the standard rhetoric of economic policy discussions related to the banking industry. Besides the goal of protecting small depositors, control of systemic risk is given as one of the main arguments for banking regulation. Various recent financial crises have increasingly focused the regulatory debate on issues of systemic risk and financial stability. There is, however, no generally accepted definition of systemic risk and the effectiveness and the economic consequences of various instruments of banking regulation that are intended to attenuate it are still only partially understood both theoretically and empirically. In this paper, we make an attempt to discuss some of the issues raised in this debate by reviewing recent contributions to the academic literature. Copyright Kluwer Academic Publishers 2003

Keywords: banking regulation; systemic risk; financial stability; banking crises (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (15)

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DOI: 10.1023/A:1021299202181

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