Global Watch

• Book ID: 101348257
• Publisher: John Wiley and Sons
• Year: 2000
• Tongue: English
• Weight: 106 KB
• Volume: 9
• Category: Article
• ISSN: 1180-0518
• DOI: 10.1002/1099-1107(200022)9:2<169::aid-iir73>3.0.co;2-r

✦ Synopsis

EUROPEAN UNION

1. Systemic risk is the risk that the illiquidity or failure of one participant in a system and its resulting inability to pay up its own obligations when due, will lead to the bankruptcy of other participants and will have further knock-on eects on ®nancial markets at large.