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Has the global banking system become more fragile over time ? (English)

Abstract

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 +

Details

  • Anginer, Deniz; Demirguc-Kunt, Asli;
  • 2011/10/01
  • Policy Research Working Paper
  • WPS5849
  • 1
  • World
  • The World Region
  • 2011/10/01
  • Has the global banking system become more fragile over time ?
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