Systemic Risk in the European Union: A Network Approach to Banks’ Sovereign Debt Exposures

Systemic Risk in the European Union: A Network Approach to Banks’ Sovereign Debt Exposures

This paper draws on network theory to investigate European banks’ sovereign debt exposures. Banks’ holdings of sovereign debt build a network of financial linkages with European countries that exhibits a long-tail distribution of node degrees. A highly connected network core of 15 banks is identifie...

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Bibliographic Details
Main Author: Annika Westphal
Format: Article
Language:English
Published: MDPI AG 2015-07-01
Series:International Journal of Financial Studies
Subjects:
contagion
sovereign risk
European debt
European banks
stress tests
Online Access:http://www.mdpi.com/2227-7072/3/3/244

Internet

http://www.mdpi.com/2227-7072/3/3/244

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