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Major systemic crisis in the 21st century

In: Systemic Risk History, Measurement and Regulation

Author

Listed:
  • Yvonne Kreis
  • Dietmar Leisen
  • Jorge Ponce

Abstract

Technological and financial innovation, as well as the globalization of business, have had a huge impact on banks. From the late 1990s onward, the interconnectedness of banks and the competition within the banking sector have significantly increased on a global level; see, e.g., Kroszner (2000). Different from the crises in the 20th century, systemic crises in the 21st century have no longer been confined to individual countries but have a strong international, even a global, dimension…

Suggested Citation

  • Yvonne Kreis & Dietmar Leisen & Jorge Ponce, 2019. "Major systemic crisis in the 21st century," World Scientific Book Chapters, in: Systemic Risk History, Measurement and Regulation, chapter 2, pages 25-33, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811201066_0002
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    More about this item

    Keywords

    Systemic Risk; Financial Stability; Financial Regulation; Macro-Prudential Regulation; Transmission Channels; Global Financial Crisis; Risk Measurement; Cross-sectional Risk;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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