- Anginer, Deniz; Demirguc-Kunt, Asli;
- 2011/10/01
- Policy Research Working Paper;
- WPS5849
- 1
- 1
- World;
- The World Region;
- 2011/10/01
- Disclosed
- Has the global banking system become more fragile over time ?
This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and examine the... See More +
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