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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.540514.en
LOCATION:Gustav-Schmoller-Raum,DIW Berlin im Quartier 110,3.3.002A,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Why Are Big Banks Getting Bigger?
DESCRIPTION:12:00 - 13:15 // We analyze the increasing concentration of U.S. banking assets using nonparametric empirical methods that characterize dynamic power law distributions in terms of two shaping factors the asset reversion rates and idiosyncratic volatilities for different size-ranked banking institutions. We show that the greater concentration of bank-holding company (BHC) assets is caused by decreased mean reversion, a result consistent with 1990s policy changes. In contrast, greater concentration of subsidiary bank assets is caused by increased idiosyncratic volatility, yet, idiosyncratic volatility of parent BHC assets fell. This contrast suggests diversication through non-banking activities has reduced idiosyncratic BHC asset volatilities and affected systemic risk.
DTSTART;VALUE=DATE:20160817
DTEND;VALUE=DATE:20160817
DTSTAMP:20160107T230000Z
URL:https://www.diw.de/en/diw_01.c.540514.en/events/why_are_big_banks_getting_bigger.html
ORGANIZER;CN=Niels Aka:mailto:naka@diw.de
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