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Designing an Expert Knowledge-based Systemic Importance Index for Financial Institutions

Carlos Eduardo
León-Rincón
Clara Lía
Machado-Franco
Jueves, 1 Septiembre 2011

Defining whether a financial institution is systemically important (or not) is challenging due to (i) the inevitability of combining complex importance criteria such as institutions’ size, connectedness and substitutability; (ii) the ambiguity of what an