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In this paper, we present a compellingly simple yet innovative approach to capturing the buildup of systemic risk associated with commonalities in banks' asset holdings. We draw on a growing strand of theoretical literature that studies the systemic externalities of banks' balance... Read Full Overview

In this book, we present a compellingly simple yet innovative approach to capturing the buildup of systemic risk associated with commonalities in bank's asset holdings. We draw on a growing strand of theoretical literature that studies the systemic externalities of banks' balance... Read Full Overview