We examine how bank competition in the run-up to the 2007–2009 crisis affects banks’ systemic risk during the crisis. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization exacerbates the effects of market power on the systemic dimension of bank risk, while capitalization partially mitigates its impact.
In this book, the authors cover the recent progress in the synthesis, characterization and application of various multi-layered carbides, carbonitrides and nitrides. Moreover, the processing and development of MXene-based composites are elaborated, focusing on their applications and performances as transparent conductors in environmental remediation and energy storage systems.
Waste Energy Harvesting overviews the latest progress in waste energy harvesting technologies, with specific focusing on waste thermal mechanical energies. Thermal energy harvesting technologies include thermoelectric effect, storage through phase change materials and pyroelectric effect. Waste mechanical energy harvesting technologies include piezoelectric (ferroelectric) effect with ferroelectric materials and nanogenerators. The book aims to strengthen the syllabus in energy, materials and physics and is well suitable for students and professionals in the fields.
This new edition describes pressure and temperature sensitive paints (PSP and TSP) in global surface pressure and temperature measurements in aerodynamics and fluid mechanics. The book includes the latest progress in paint formulations, instrumentation, and steady and unsteady aerodynamic measurements in various facilities including low-speed, transonic, supersonic and hypersonic wind tunnels. The updated technical aspects of PSP and TSP in the book will be useful for students and researchers in experimental aerodynamics and fluid mechanics.
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