Systemic Risk and Financial Consolidation : Are they Related? /
We argue that firm interdependencies, as measured by correlations of stock returns, provide an indicator of systemic risk potential. We find a positive trend in stock return correlations net of diversification effects for a sample of U.S. Large and Complex Banking Organizations over 1988-99. This fi...
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| Muut tekijät: | |
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Sarja: | IMF Working Papers; Working Paper ;
No. 2002/055 |
| Linkit: | Full text available on IMF |