Abstract
dc:descriptionThis dissertation is a collection of three papers on banking and systemic risk. The first chapter develops a multi-objective optimization framework for banks’ securities portfolios, considering both individual and systemic risk. The findings show that while diversification can reduce individual risk, including systemic risk in the objective function leads to more concentrated portfolio allocations. The second chapter empirically investigates the sovereign-bank nexus in the Euro Area from a market perspective, showing that the introduction of the ECB’s list of Significant Institutions reduced heterogeneity in long-term market sensitivity of banks to sovereign risk between large and small banks. The third chapter examines the role of geographic deposit diversification in the US banking system, finding that more geographically diversified banks experience more stable deposit growth in response to interest rate changes, highlighting trade-offs between market power and diversification benefits.
Degree
thesis:*- Grantor dc:publisher
- Università degli studi di Trento
- Year dc:date
- 2026
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Sulas, Alessandro
- Contributors dc:contributor
-
- Tamborini, Roberto
- Paterlini, Sandra
Subjects
dc:subject × 10- Settore SECS-P/01 - Economia Politica
- Settore SECS-P/02 - Politica Economica
- Settore SECS-P/06 - Economia Applicata
- Settore SECS-S/06 - Metodi mat. dell'economia e Scienze Attuariali e Finanziarie
- Settore SECS-P/11 - Economia degli Intermediari Finanziari
- Settore ECON-01/A - Economia politica
- Settore ECON-02/A - Politica economica
- Settore ECON-04/A - Economia applicata
- Settore STAT-04/A - Metodi matematici dell'economia e delle scienze attuariali e finanziarie
- Settore ECON-09/B - Economia degli intermediari finanziari
Rights
dc:rights- Statement dc:rights
-
- info:eu-repo/semantics/embargoedAccess
- license:Tutti i diritti riservati (All rights reserved)
- license uri:iris.PRI01
- Language dc:language
- eng
Identifiers
dc:identifier.*- OAI identifier oai:identifier
- oai:iris.unitn.it:11572/472350