Matches in SemOpenAlex for { <https://semopenalex.org/work/W2032592912> ?p ?o ?g. }
- W2032592912 endingPage "12652" @default.
- W2032592912 startingPage "12647" @default.
- W2032592912 abstract "The global financial crisis of 2007–2009 exposed critical weaknesses in the financial system. Many proposals for financial reform address the need for systemic regulation—that is, regulation focused on the soundness of the whole financial system and not just that of individual institutions. In this paper, we study one particular problem faced by a systemic regulator: the tension between the distribution of assets that individual banks would like to hold and the distribution across banks that best supports system stability if greater weight is given to avoiding multiple bank failures. By diversifying its risks, a bank lowers its own probability of failure. However, if many banks diversify their risks in similar ways, then the probability of multiple failures can increase. As more banks fail simultaneously, the economic disruption tends to increase disproportionately. We show that, in model systems, the expected systemic cost of multiple failures can be largely explained by two global parameters of risk exposure and diversity, which can be assessed in terms of the risk exposures of individual actors. This observation hints at the possibility of regulatory intervention to promote systemic stability by incentivizing a more diverse diversification among banks. Such intervention offers the prospect of an additional lever in the armory of regulators, potentially allowing some combination of improved system stability and reduced need for additional capital." @default.
- W2032592912 created "2016-06-24" @default.
- W2032592912 creator A5015297076 @default.
- W2032592912 creator A5037501018 @default.
- W2032592912 creator A5056499434 @default.
- W2032592912 creator A5080792075 @default.
- W2032592912 creator A5081956768 @default.
- W2032592912 creator A5088603739 @default.
- W2032592912 date "2011-07-18" @default.
- W2032592912 modified "2023-10-13" @default.
- W2032592912 title "Individual versus systemic risk and the Regulator's Dilemma" @default.
- W2032592912 cites W1433087689 @default.
- W2032592912 cites W1955956936 @default.
- W2032592912 cites W2011866841 @default.
- W2032592912 cites W2018567692 @default.
- W2032592912 cites W2031277570 @default.
- W2032592912 cites W2037102228 @default.
- W2032592912 cites W2047118428 @default.
- W2032592912 cites W2048233066 @default.
- W2032592912 cites W2079460103 @default.
- W2032592912 cites W2080184288 @default.
- W2032592912 cites W2099541723 @default.
- W2032592912 cites W2109542379 @default.
- W2032592912 cites W2117991189 @default.
- W2032592912 cites W2119024016 @default.
- W2032592912 cites W2120660679 @default.
- W2032592912 cites W2155043740 @default.
- W2032592912 cites W2165244445 @default.
- W2032592912 cites W2167062553 @default.
- W2032592912 cites W3123675599 @default.
- W2032592912 cites W3125667524 @default.
- W2032592912 cites W3126113144 @default.
- W2032592912 cites W4236584637 @default.
- W2032592912 cites W4237155337 @default.
- W2032592912 cites W4248503640 @default.
- W2032592912 cites W3125267119 @default.
- W2032592912 doi "https://doi.org/10.1073/pnas.1105882108" @default.
- W2032592912 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/3150885" @default.
- W2032592912 hasPubMedId "https://pubmed.ncbi.nlm.nih.gov/21768387" @default.
- W2032592912 hasPublicationYear "2011" @default.
- W2032592912 type Work @default.
- W2032592912 sameAs 2032592912 @default.
- W2032592912 citedByCount "140" @default.
- W2032592912 countsByYear W20325929122012 @default.
- W2032592912 countsByYear W20325929122013 @default.
- W2032592912 countsByYear W20325929122014 @default.
- W2032592912 countsByYear W20325929122015 @default.
- W2032592912 countsByYear W20325929122016 @default.
- W2032592912 countsByYear W20325929122017 @default.
- W2032592912 countsByYear W20325929122018 @default.
- W2032592912 countsByYear W20325929122019 @default.
- W2032592912 countsByYear W20325929122020 @default.
- W2032592912 countsByYear W20325929122021 @default.
- W2032592912 countsByYear W20325929122022 @default.
- W2032592912 countsByYear W20325929122023 @default.
- W2032592912 crossrefType "journal-article" @default.
- W2032592912 hasAuthorship W2032592912A5015297076 @default.
- W2032592912 hasAuthorship W2032592912A5037501018 @default.
- W2032592912 hasAuthorship W2032592912A5056499434 @default.
- W2032592912 hasAuthorship W2032592912A5080792075 @default.
- W2032592912 hasAuthorship W2032592912A5081956768 @default.
- W2032592912 hasAuthorship W2032592912A5088603739 @default.
- W2032592912 hasBestOaLocation W20325929121 @default.
- W2032592912 hasConcept C111472728 @default.
- W2032592912 hasConcept C138885662 @default.
- W2032592912 hasConcept C139719470 @default.
- W2032592912 hasConcept C144133560 @default.
- W2032592912 hasConcept C144587487 @default.
- W2032592912 hasConcept C162118730 @default.
- W2032592912 hasConcept C162324750 @default.
- W2032592912 hasConcept C162853370 @default.
- W2032592912 hasConcept C175444787 @default.
- W2032592912 hasConcept C180916674 @default.
- W2032592912 hasConcept C2778300220 @default.
- W2032592912 hasConcept C2778496695 @default.
- W2032592912 hasConcept C2864544 @default.
- W2032592912 hasConcept C29122968 @default.
- W2032592912 hasConcept C73283319 @default.
- W2032592912 hasConceptScore W2032592912C111472728 @default.
- W2032592912 hasConceptScore W2032592912C138885662 @default.
- W2032592912 hasConceptScore W2032592912C139719470 @default.
- W2032592912 hasConceptScore W2032592912C144133560 @default.
- W2032592912 hasConceptScore W2032592912C144587487 @default.
- W2032592912 hasConceptScore W2032592912C162118730 @default.
- W2032592912 hasConceptScore W2032592912C162324750 @default.
- W2032592912 hasConceptScore W2032592912C162853370 @default.
- W2032592912 hasConceptScore W2032592912C175444787 @default.
- W2032592912 hasConceptScore W2032592912C180916674 @default.
- W2032592912 hasConceptScore W2032592912C2778300220 @default.
- W2032592912 hasConceptScore W2032592912C2778496695 @default.
- W2032592912 hasConceptScore W2032592912C2864544 @default.
- W2032592912 hasConceptScore W2032592912C29122968 @default.
- W2032592912 hasConceptScore W2032592912C73283319 @default.
- W2032592912 hasIssue "31" @default.
- W2032592912 hasLocation W20325929121 @default.
- W2032592912 hasLocation W20325929122 @default.
- W2032592912 hasLocation W20325929123 @default.
- W2032592912 hasLocation W20325929124 @default.