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Systemic importance of financial institutions: from a global to a local perspective? A network theory approach

Author

Listed:
  • Michele Bonollo

    (Credito trevigiano)

  • Irene Crimaldi

    (IMT School for Advanced Studies Lucca)

  • Andrea Flori

    (IMT School for Advanced Studies Lucca)

  • Fabio Pammolli

    (IMT School for Advanced Studies Lucca)

  • Massimo Riccaboni

    (IMT School for Advanced Studies Lucca)

Abstract

After the systemic effects of bank defaults during the recent financial crisis, and despite a huge amount of literature over the last years to detect systemic risk, no standard methodologies have been set up until now. We aim to build a concise but comprehensive picture of the state of the art, illustrating the open issues, and outlining pathways for future research. In particular, we propose the analysis of some examples of local systems that attract the attention of the financial sector. This work is directed to both academic researchers and practitioners.

Suggested Citation

  • Michele Bonollo & Irene Crimaldi & Andrea Flori & Fabio Pammolli & Massimo Riccaboni, 2014. "Systemic importance of financial institutions: from a global to a local perspective? A network theory approach," Working Papers 9/2014, IMT School for Advanced Studies Lucca, revised Sep 2014.
    • Handle: RePEc:ial:wpaper:9/2014
    as

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    File URL: http://eprints.imtlucca.it/2282/1/EIC_WP_9_2014.pdf
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    References listed on IDEAS

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    Cited by:

    1. Michele Bonollo & Irene Crimaldi & Andrea Flori & Fabio Pammolli & Massimo Riccaboni, 2015. "Systemic risk and banking regulation: some facts on the new regulatory framework," Working Papers 1/2015, IMT School for Advanced Studies Lucca, revised Jan 2015.

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    More about this item

    Keywords

    Systemic Risk; Counterparty Risk; Financial Networks; Basel Regulations; European Market Infrastructure Regulation;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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