INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS

INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS

Sparked by the recent great recession and the role of financial markets, considerable interest exists among researchers within both the academic and public community in measuring and modeling systemic risk. This article introduces a new framework for measuring systemic risk by using a risk-adjusted...

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Main Author: Renata Karkowska
Format: Article
Language:English
Published: Alexandru Ioan Cuza University of Iasi 2013-12-01
Series:CES Working Papers
Subjects:
systemic risk; Merton model; financial crisis; banking system
Online Access:http://www.ceswp.uaic.ro/articles/CESWP2013_V4_KAR.pdf
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spelling doaj-34b7d9ee2f034ff3a968dc8ac745a8b62020-11-24T20:42:16ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932013-12-0154535547INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS Renata Karkowska0Institute of Financial Systems of Economy, Faculty of Management, University of Warsaw, PolandSparked by the recent great recession and the role of financial markets, considerable interest exists among researchers within both the academic and public community in measuring and modeling systemic risk. This article introduces a new framework for measuring systemic risk by using a risk-adjusted balance sheet approach. In this regard, the analysis of 21 largest commercial banks operating in 7 countries from Central and Eastern Europe, shows potential risk which could threaten all the financial system. The paper concludes new directions for measuring systemic risk by using Merton model. It shows how risk management tools can be applied in new ways to measure and analyze systemic risk in European banking system.http://www.ceswp.uaic.ro/articles/CESWP2013_V4_KAR.pdfsystemic risk; Merton model; financial crisis; banking system
collection DOAJ
language English
format Article
sources DOAJ
author Renata Karkowska
spellingShingle Renata Karkowska
INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
CES Working Papers
systemic risk; Merton model; financial crisis; banking system
author_facet Renata Karkowska
author_sort Renata Karkowska
title INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
title_short INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
title_full INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
title_fullStr INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
title_full_unstemmed INSTABILITY IN THE CEE BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS
title_sort instability in the cee banking system. evidence from the recent financial crisis
publisher Alexandru Ioan Cuza University of Iasi
series CES Working Papers
issn 2067-7693
publishDate 2013-12-01
description Sparked by the recent great recession and the role of financial markets, considerable interest exists among researchers within both the academic and public community in measuring and modeling systemic risk. This article introduces a new framework for measuring systemic risk by using a risk-adjusted balance sheet approach. In this regard, the analysis of 21 largest commercial banks operating in 7 countries from Central and Eastern Europe, shows potential risk which could threaten all the financial system. The paper concludes new directions for measuring systemic risk by using Merton model. It shows how risk management tools can be applied in new ways to measure and analyze systemic risk in European banking system.
topic systemic risk; Merton model; financial crisis; banking system
url http://www.ceswp.uaic.ro/articles/CESWP2013_V4_KAR.pdf
work_keys_str_mv AT renatakarkowska instabilityintheceebankingsystemevidencefromtherecentfinancialcrisis
_version_ 1716822743894196224

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