Basel III capital surcharges for G-SIBs are far less effective in managing systemic risk in comparison to network-based, systemic risk-dependent financial transaction taxes

DOI10.1016/j.jedc.2017.02.004zbMath1401.91183OpenAlexW2594822581MaRDI QIDQ1655659

Olaf Bochmann, Stefan Thurner, Sebastian Poledna

Publication date: 9 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://pure.iiasa.ac.at/id/eprint/14429/1/Basel%20III%20capital%20surcharges%20.pdf

zbMATH Keywords

systemic riskagent-based modelingresilienceBasel IIIbanking regulationDebtRank

Mathematics Subject Classification ID

Financial applications of other theories (91G80) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (4)

Elimination of systemic risk in financial networks by means of a systemic risk transaction tax ⋮ Incentivizing resilience in financial networks ⋮ Reducing systemic risk in a multi-layer network using reinforcement learning ⋮ What is the minimal systemic risk in financial exposure networks?

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