Credit Risk Transfer Activities and Systemic Risk: How Banks Became Less Risky Individually But Posed Greater Risks to the Financial System at the Same Time

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Bank Risk During the Financial Crisis: Do Business Models Matter? (2011, background): “However, banks might also respond to the static reduction in risks due to securitization by taking on new ones; for instance, by loosening their lending standards, increasing their leverage, or becoming systemically riskier (Mian and Sufi, 2009; Keys et al., 2010; Nijskens and Wagner, 2011).”
Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy (2021, background): “Systemic risks to the financial system were created endogenously, due to a principal market failure in financial intermediation: what might be prudent behaviour from the perspective of an individual financial institution may be imprudent from a macro perspective if financial institutions engage in s”
Working Paper # 0001 January 5 , 2012 A Survey of Systemic Risk Analytics (2012, unknown): “Pojarliev and Levich (2011) assign hedge funds to style categories to proxy for crowdedness in trading strategies.”