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  • Banks, News

    Markets Are Telling Us That Too Big To Fail Is All Better

    Oh am I a sucker for this sort of thing: This paper proposes a theoretically sound and easy-to-implement way to measure the systemic risk of financial institutions using publicly available accounting and stock market data. The measure models credit risk of banks as a put option on bank assets, a tradition that originated with Merton […]

    / May 7, 2012 at 5:47 PM

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