Banking Regulation and Systemic Risk

Martin Summer

Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)

Abstract: The term Systemic Risk belongs to the standard rhetoric of economic policy discussions related to the banking industry. Besides of 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 focussed the regulatory debate on issues of systemic risk and financial stability. In this paper, however, we argue that there is 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. Furthermore we discuss some of the issues raised in this debate by reviewing recent contributions to the academic literature.

Keywords: Banking Regulation; Systemic Risk; Banking Crises (search for similar items in EconPapers)
JEL-codes: E58 G21 K23 L51 (search for similar items in EconPapers)
Pages: 42
Date: 2002-01-07
New Economics Papers: this item is included in nep-ias, nep-ifn, nep-law and nep-reg
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://www.oenb.at/dam/jcr:9672ee8e-9f92-4bab-853 ... /wp57_tcm16-6145.pdf (application/pdf)

Related works:
Journal Article: Banking Regulation and Systemic Risk (2003)
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:onb:oenbwp:57

Ordering information: This working paper can be ordered from
Oesterreichische Nationalbank, Economic Studies Division, POB 61, A-1011 Vienna, Austria

The price is Free subject to availability.

Access Statistics for this paper

More papers in Working Papers from Oesterreichische Nationalbank (Austrian Central Bank) P.O. Box 61, A-1011 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Markus Knell ().