全球智库信息集成服务系统(G2TT): DP13416 Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression

G2TT

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.