Transmission channels of systemic risk and contagion in the European financial network

We investigate systemic risk and how financial contagion propagates within the euro area banking system by employing the Maximum Entropy method. The study captures multiple snapshots of a dynamic financial network and uses counterfactual simulations to propagate shocks emerging from three sources of...

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Veröffentlicht in:	Journal of banking & finance 2015-12, Vol.61, p.S36-S52
Hauptverfasser:	Paltalidis, Nikos, Gounopoulos, Dimitrios, Kizys, Renatas, Koutelidakis, Yiannis
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank failures Banking industry Credit risk European banks Eurozone Financial network Interbank market Maximum Entropy Maximum entropy method Risk assessment Sovereign credit risk Studies Systemic Risk
Online-Zugang:	Volltext
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