Deutsche Bundesbank paper studies developments in financial connections
A discussion paper, published by the Deutsche Bundesbank on July 25, considers changes in financial linkages after the financial crisis and finds net benefits are created by government bank bailouts.
The authors, Jakob Bosma, Michael Koetter and Michael Wedow, analyse a total of 18,528 connections between financial institutions in the US, Europe and Asia from 2004–2011, based on daily credit default swap spreads for 193 financial firms. The paper finds the connectedness of financial firms
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