In response to the economic and financial crisis, the EU has adopted a new regulatory
framework of the banking sector. Its central elements consist of new capital requirements …

In this paper we develop an in-depth analysis of the systemic risk and contagion
determinants through the differential effects of excluding one bank on the banking system …

We carry out a quantitative analysis of the financing measures proposed for the European
Deposit Insurance Scheme (EDIS) regarding the target level of the fund and the contribution …

This paper analyses European banks' probability of default (PD) by estimating a new
measure that is based on the SYstemic Model of Bank Originated Losses (SYMBOL). First …

Presents information sources and methodologies for modeling and simulating banking
system stability Combining both academic and institutional knowledge and experience …

This paper analyses the relationships between the traditional bank risk profile indicators and
a new measure of banks' probability of default that considers the Basel regulatory …

One of the main issues in the recent Chinese financial reform is aimed at effectively
measuring systemic risk and taking appropriate measures to ensure its sustainability and …

This chapter reviews scientific work conducted in support of the policy-making processes of
the European Commission in reforming the financial sector. It first discusses how the …

In this paper, we aim at establishing some clear guidelines on which configuration of the
interbank net can be most effective in limiting the banks' default contagion risk. More …

Keynes thought it would be 'splendid'if economists became more like dentists. Disciplinary
economics has instead become more like physics in focusing on concise, universal …