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In the quest of systemic externalities: A review of the literature

Wagner,W.B.
Abstract
We review the banking literature with the view of identifying systemic externalities arising from bank failures. We are particularly interested in how such externalities may depend on the characteristics of the financial system at the time of failure, and on the characteristics of the failing bank itself. We conclude that the majority of the mechanisms in the literature suggest that externalities are higher at times when other banks are failing as well or are close to failure. We discuss the implications for optimal capital requirements.
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Date
2010
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Tilburg University Research Output Collection
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SDG 10 - Reduced Inequalities
Citation
Wagner, W B 2010, 'In the quest of systemic externalities : A review of the literature', CESifo Economic Studies, vol. 56, no. 1, pp. 96-111.
URI
https://hdl.handle.net/20.500.14602/51681
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