Series: IMF Working Papers
Author(s): Kasper Lund-Jensen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: Systemic Risk, banking, systemic banking crisis, banking crises
Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional probability of a syst...