论文标题
美国银行业的衍生品持有和系统风险
Derivatives Holdings and Systemic Risk in the U.S. Banking Sector
论文作者
论文摘要
外汇和信贷衍生品增加了银行对系统风险的贡献。利率衍生品将其降低。与衍生品持有量相比，不良贷款与总贷款的比例对系统风险的影响更大。
Foreign exchange and credit derivatives increase the bank's contributions to systemic risk. Interest rate derivatives decrease it. The proportion of non-performing loans over total loans and the leverage ratio have stronger impact on systemic risk than derivatives holdings.
