Systemic Risk, Bank Supervision and Follow-the-Sun Overdraft

Dimitris N. Chorafas

Chapter 3 in New Regulation of the Financial Industry, 2000, pp 46-62 from Palgrave Macmillan

Abstract: Abstract What makes regulators nervous with systemic risk is the likelihood that failure in one big financial institution, or a segment of the economy, may trigger failure in other banks or industrial sectors. When such failures snowball through the global financial market, there is a domino effect. In September 1998, a LTCM-type bankruptcy would have led to such an avalanche world-wide.

Keywords: Central Bank; Financial Institution; Credit Risk; Systemic Risk; Deposit Insurance (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97743-9_3

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DOI: 10.1057/9780333977439_3

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