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|c 5.00 USD
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|z 9781498315548
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Alter, Adrian.
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|a Centrality-based Capital Allocations /
|c Adrian Alter, Ben Craig, Peter Raupach.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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|a 1 online resource (40 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We look at the effect of capital rules on a banking system that is connected through correlated credit exposures and interbank lending. The rules, which combine individual bank characteristics and interconnectivity measures of interbank lending, are to minimize a measure of system-wide losses. Using the detailed German Credit Register for estimation, we find capital rules based on eigenvectors to dominate any other centrality measure, followed by closeness. Compared to the baseline case, capital reallocation based on the Adjacency Eigenvector saves about 15% in system losses as measured by expected bankruptcy costs.
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|a Mode of access: Internet
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|a Craig, Ben.
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|a Raupach, Peter.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/237
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/237/001.2014.issue-237-en.xml
|z IMF e-Library
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