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Start Over Descriptor "systemically important institutions" Journal journal of risk management in financial institutions
1 results on '"systemically important institutions"'

1. Probabilistic causality and decisions on bailouts of financial institutions.

Author

Moreira, Fernando

Subjects
FINANCIAL bailouts, FINANCIAL institutions, FINANCIAL crises, SYSTEMIC risk (Finance), MARKETS
Abstract

This paper uses probabilistic causality measures to support decisions about bailouts of financial institutions in non-crisis periods. The model suggested is simple and can easily be applied by practitioners. The approach is tested with daily market-based data of six large UK financial institutions. Contrary to what many experts claim, this study shows evidence that rescuing financial institutions is not always needed in order to prevent systemic crises. [ABSTRACT FROM AUTHOR]

Published
2017
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