G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13416
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
URLhttps://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.
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