assuming an exogenous probability of crisis proposed in Čeh and Krznar (2008), in order...Therefore, we applied the value function iteration method in...
together, banks would choose to undertake as much correlated,
systemic risk, in order...too many to fail’ guar-
antees induce banks to choose correlated investments in...
granted to the 'new' bank, the 'old' bank shall immediately notify the consumer in order...process, consumers may request the old service of direct debit and/or standing...
