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 sheet asset side allocations. By applying data aggregation and clustering techniques to publically available balance sheet data, we uncover interesting patterns in the asset holdings of the major bank holding companies in the United States during the years 2001-2013. We augment our findings with theoretical analysis...
In this book, we present a compellingly simple yet innovative approach to capturing the buildup of systemic risk associated with commonalities in bank...
In the spring of the year 1800, the capital of the United States was preparing to move from the well-established city of Philadelphia to a parcel of tidewater land along the Potomac River. President John Adams issued an Executive Order on May 15th instructing the federal government to move to Washington and to be open for business by June 15, 1800. Arriving in Washington, relocated government employees found only one building completed and ready to be occupied: the Treasury Department building. Of the 131 federal workers who moved to Washington, over half of them (69) were housed in the...
In the spring of the year 1800, the capital of the United States was preparing to move from the well-established city of Philadelphia to a parcel of t...
