Where the Risks Lie: A Survey on Systemic Risk

Jean-Edouard Colliard and Christophe Perignon ()

No 1088, HEC Research Papers Series from HEC Paris

Abstract: The authors review the extensive literature on systemic risk and connect it to the current regulatory debate. While they take stock of the achievements of this rapidly growing field, they 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: Banking; Macroprudential Regulation; Systemically Important Financial In- stitutions; Financial Crises; Too-Big-To-Fail (search for similar items in EconPapers)
JEL-codes: G01 G32 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2015-04-13
New Economics Papers: this item is included in nep-cba, nep-cfn and nep-rmg
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Citations: View citations in EconPapers (30)

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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)
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:1088

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