Economics at your fingertips  

Systemic Aspects of Risk Management in Banking and Finance

Martin Hellwig

Swiss Journal of Economics and Statistics (SJES), 1995, vol. 131, issue IV, 723-737

Abstract: The paper provides a critical summary of recent developments in banking and finance and discusses risk management strategies for banks and for banking supervision. Special attention is paid to systemic risks which arise because the nexus of interbank contracts is so complex that counterparty credit risks and their correlations with underlying risks are transparent neither to banks nor to bank supervisors. Another section discusses "excessive risk taking" by banks and provides a critical analysis of the attempt to control banks by capital adequacy regulation.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (45) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
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:

Access Statistics for this article

Swiss Journal of Economics and Statistics (SJES) is currently edited by Rafael Lalive

More articles in Swiss Journal of Economics and Statistics (SJES) from Swiss Society of Economics and Statistics (SSES) Contact information at EDIRC.
Bibliographic data for series maintained by Peter Steiner ().

Page updated 2020-08-05
Handle: RePEc:ses:arsjes:1995-iv-9