Financial Stability
Conference on Bank and Systemic Risk
23 - 25 May 2001
Between 23-25 May 2001, the Bank of England hosted a conference
titled 'Banks and Systemic Risk', which was co-organised by the
UK Financial Services Authority, the US Federal Reserve Board
of Governors, The New York Federal Reserve Bank and the US Office
of the Comptroller of the Currency.
The papers presented at this conference are being made
available on the website for conference participants and others interested in
the subject. Please note that some of these papers are still in draft form and
should only be referenced with the permission of the author(s). A number of the
papers from the conference will be published in a special volume of the Journal
of Banking and Finance.
Programme
(14k)
Papers
- Banks and Systemic Risk - Theory and Evidence - by David Clementi (Deputy Governor, Bank of England)
- A
Theory of Systemic Risk and Design of Prudential Bank Regulation
(649k)
- by Viral Acharya (New York University) - Costs
of Banking System Instability: Some Empirical Evidence
(131k)
- by Glenn Hoggarth (Bank of England), Ricardo Reis (Harvard
University) and Victoria Saporta (Bank of England) - Firms
and their Distresed Banks: Lessons from the Norwegian Banking
Crisis (1988-1991)
(155k)
- by Steven Ongena (Tilburg University), David Smith (Board
of Governors of the Federal Reserve System) and Dag Michalsen
(Norwegian School of Management) - Systemic
Risk and Financial Consolidation: are they Related?
(270k)
- byGianni De Nicolo (IMF) & Myrton Kwast (Board of Governors
of the Federal Reserve System) - The
Macroeconomic Impact of Bank Capital Requirements in Emerging
Economies: Past Evidence to Assess the Future
(122k)
- by Maria Chiuri, Giovanni Ferri (both University of Bari)
& Giovanni Majnoni (The World Bank) - Market
Discipline and Financial Stability
(41k)
- by Andrew Crockett (General Manager, Bank for International
Settlements) - How
Good is the Market at Assessing Bank Fragility? A Horse Race
between different Indicators
(133k)
- by Paola Bongini (University degli Studi di Macerata), Luc
Laeven & Giovanni Majnoni (both World Bank) - Information
about Bank Risk from Option Prices
(506k)
- by Steve Swidler (Office of the Comptroller of the Currency)
& James Wilcox (University of California, Berkeley) - Strengthening
Banks' Market Discipline and Leveling the Playing Field: Are
the two compatible?
(502k)
- by Andrea Sironi (Universita Commerciale Luigi Bocconie
Italy) - Measures
of the Riskiness of Banking Organisation: Subordinated Debt
Yields, Risk-Based Capital and Exam Ratings
(88k)
- by Douglas Evanoff (Federal Reserve Bank of Chicago) &
Larry Wall (Federal Reserve Bank of Atlanta) - Incorporating
Equity Market Information into Supervisory Monitoring Models
(635k)
- by John Krainer & Jose Lopez (Federal Reserve Bank of
San Francisco) - Capital
Requirements and Crisis Prevention Policies
(30k)
- by Sir Howard Davies (Chairman of the Financial Services
Authority) - Credit
Ratings and the BIS Capital Adequacy Reform Agenda
(258k)
- by Edward Altman (New York University) & Anthony Saunders
(New York University)
- A
Policymaker's Guide to Choosing Absolute Capital Requirements
Under an IRB Approach
(71k)
- by Mark Carey (Board of Governors of Federal Reserve System) - Regulatory
and "Economic" Sovency Standards for Internationally active
banks
(94k)-
by Patricia Jackson (Bank of England), William Perraudin (Birkbeck
College, University of London) & Victoria Saporta (Bank
of England) - Assessing
Systemic Risk Exposure Under Alternative Approaches for Capital
Adequacy
(178k)
- by Edward Golding (Freddie Mac), Paul Kupiec (IMF) &
David Nickerson (State University of Colorado)
