Systemic Risk in Europe

摘要: Systemic risk may be defined as the propensity of a financial institution to undercapitalized when system whole is undercapitalized. In this article, we investigate case non-US institutions, with several factors explaining dynamics firms returns and asynchronicity time zones. We apply methodology 196 largest European estimate their systemic over 2000-12 period. find that, for certain countries, cost taxpayer rescue riskiest domestic banks so high that some might considered too big saved.