?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F2185%2F&rft.title=Systemic+importance+of+financial+institutions%3A+regulations%2C+research%2C+open+issues%2C+proposals&rft.creator=Bonollo%2C+Michele&rft.creator=Crimaldi%2C+Irene&rft.creator=Flori%2C+Andrea&rft.creator=Pammolli%2C+Fabio&rft.creator=Riccaboni%2C+Massimo&rft.subject=HB+Economic+Theory&rft.subject=HD61+Risk+Management&rft.subject=HJ+Public+Finance&rft.description=In+the+field+of+risk+management%2C+scholars+began+to+bring+together+the+quantitative+methodologies+with+the+banking+management+issues+about+30+years+ago%2C+with+a+special+focus+on+market%2C+credit+and+operational+risks.+After+the+systemic+effects+of+banks+defaults+during+the+recent+financial+crisis%2C%0D%0Aand+despite+a+huge+amount+of+literature+in+the+last+years+concerning+the+systemic+risk%2C+no+standard+methodologies+have+been+set+up+to+now.+Even+the+new+Basel+3+regulation+has+adopted+a+heuristic+indicator-based+approach%2C+quite+far+from+an+effective+quantitative+tool.+In+this+paper%2C+we+refer+to+the+different+pieces+of+the+puzzle%3A+definition+of+systemic+risk%2C+a+set+of+coherent+and+useful+measures%2C+the+computability+of+these+measures%2C+the+data+set+structure.+In+this+challenging+field%2C+we+aim+to+build+a+comprehensive+picture+of+the+state+of+the+art%2C+to+illustrate+the+open+issues%2C+and+to+outline+some+paths+for+a+more+successful+future+research.+This+work+appropriately+integrates+other+useful+surveys+and+it+is+directed+to+both+academic+researchers+and+practitioners.&rft.publisher=IMT+Institute+for+Advanced+Studies+Lucca&rft.date=2014-03&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F2185%2F1%2FEIC_WP_2_2014.pdf&rft.identifier=++Bonollo%2C+Michele+and+Crimaldi%2C+Irene+and+Flori%2C+Andrea+and+Pammolli%2C+Fabio+and+Riccaboni%2C+Massimo++Systemic+importance+of+financial+institutions%3A+regulations%2C+research%2C+open+issues%2C+proposals.++EIC+working+paper+series++%232%2F2014++++IMT+Institute+for+Advanced+Studies+Lucca++++ISSN+2279-6894.++++++