Lecture 13: Banks. What Are Banks? Commercial Banks: Principal activity: receives deposits and makes loans. Investment banks (US): Purchaser or underwriter.
Governance, Risk, Compliance & Trust Presentation to KPMG May 20, 2009 By Alex Todd [email protected].
Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable Joseph E. Stiglitz AEA Meetings Atlanta, January 2010.
1 Sovereign, Bank, and Insurance Credit Spreads: Connectedness and System Networks M. Billio, M. Getmansky, D. Gray A.W. Lo, R.C. Merton, L. Pelizzon The.
A Macroeconomic Model of Endogenous Systemic Risk Taking D. Martinez-Miera and J. Suarez Discussion Rafal Raciborski DG ECFIN, European Commission Norges.
