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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13416 |
DP13416 Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression | |
Sanjiv Das; Angela Vossmeyer; Kris Mitchener | |
发表日期 | 2018-12-26 |
出版年 | 2018 |
语种 | 英语 |
摘要 | We study how bank regulation interacts with network topology to influence systemic stability. Employing unique hand-collected data on the correspondent network for all U.S. banks on the eve of the Great Depression and a methodology that captures bank credit risk and network position, we explore how the pyramid-shaped network topology was inherently fragile and systemically risky. We measure its contribution to banking distress in the early 1930s, and show that a bank's network position as well as the risk of its network neighbors are strong predictors of bank survivorship. Institutional alternatives, such as branch banking, and alternative topologies appear to deliver networks that are more stable than the network that existed in 1929. |
主题 | Economic History ; Financial Economics |
关键词 | Systemic risk Banking networks Great depression Peer effects Branch banking Model comparison |
URL | https://cepr.org/publications/dp13416-0 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542230 |
推荐引用方式 GB/T 7714 | Sanjiv Das,Angela Vossmeyer,Kris Mitchener. DP13416 Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression. 2018. |
条目包含的文件 | 条目无相关文件。 |
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