December 2013
Intermediate to advanced
928 pages
28h 50m
English
Anastassios A. Drakosa and Georgios P. Kouretasa, aDepartment of Business Administration, Athens University of Economics and Business, Athens, Greece, E-mail: kouretas@aueb.gr
The recent financial crisis has shown that the regulation framework that has been implemented over the last 20 years as formulated in the Basle I and II agreements relied excessively on the monitoring of individual financial institutions. It then failed to capture the contribution of systemic risk, which is considered to be the risk that results from the collective behavior of financial institutions that have significant effects on the real economy. In this chapter, we investigate the extent ...
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