مدل های گرافیکی شرطی برای برآورد ریسک سیستماتیک

The model has been applied to study systemic risks among the largest European banks, with the aim of identifying central institutions, more subject to contagion or, conversely, whose failure could result in further distress or breakdowns in the whole system. The results show that, in the transmission of systemic risk, there is a strong country effect, that reflects the weakness or the strength of the underlying economies. Besides the country effect, the most central banks are those larger in size.