【正文】 M C and Meckling, W H (1976), ‘The theory of the firm: managerial behavior, agency costs and ownership structure’, Journal of Financial Economics, Vol. 3, pages 30560.Merton, R (1974), ‘On the pricing of corporate debt: the risk structure of interest rates’, Journal of Finance, Vol. 29, pages 449–70.Modigliani, F and Miller, M (1958), ‘The cost of capital, corporation finance and the theory of investment’, American Economic Review, Vol. 58, pages 261–97.Myers, S C and Majluf, N S (1984), ‘Corporate financing and investment decisions when firms have information that investors do not have’, Journal of Financial Economics, Vol. 13, pages 187221.Shapley, L S (1953), ‘A value for nperson games’, reprinted in Roth, A E (ed.), The Shapley value, Cambridge University Press.Tarashev, N, Borio, C and Tsatsaronis, K (2010), ‘Attributing systemic risk to individual institutions’, Bank for International Settlements Working Paper No. 308.Upper, C (2007), ‘Using counterfactual simulations to assess the danger of contagion in interbank markets’, Bank for International Settlements Working Paper No. 234.Van Lelyveld, I and Liedorp, F (2006), ‘Interbank contagion in the Dutch banking sector: a sensitivity analysis’, International Journal of Central Banking, Vol. 2(2), pages 99132.Wells, S (2004), ‘Financial interlinkages in the United Kingdom’s interbank market and the risk of contagion’, Bank of England Working Paper No. 230.附錄1： 資產(chǎn)回報的對數(shù)可能性方程各銀行(i)優(yōu)先資產(chǎn)價值表示為一個幾何布朗運動。’s lemma,， 對數(shù)資產(chǎn)擴散為：合并：使，資本價值回報分布對數(shù)化：使用正態(tài)分布形式：ReferencesAcharya, V V, Pedersen, L H, Philippon, T and Richardson, M (2010), ‘Measuring systemicrisk’, mimeo.Admati, A R, DeMarzo, P M, Hellwig, M F and Pfeiderer, P (2010), ‘Fallacies, irrelevantfacts, and myths in the discussion of capital regulation: why bank equity is not expensive’,mimeo.Adrian, T and Brunnermeier, M (2009), ‘CoVaR’, mimeo.Alessandri, P, Gai, P, Kapadia, S, Mora, N and Puhr, C (2009), ‘Towards a framework forquantifying systemic stability’, International Journal of Central Banking, Vol. 5(3), pages 47–81.Bank of England (2009), The role of macroprudential policy, November.Brunnermeier, M, Crockett, A, Goodhart, C, Persaud, A D and Shin, H (2009), ‘Thefundamental principles of financial regulation’, Geneva Reports on the World Economy.Cerny, V (1985), ‘A thermodynamical approach to the travelling salesman problem: an efficientsimulation algorithm’, Journal of Optimization Theory and Applications, Vol. 45, pages 41–51.Eisenberg, L and Noe, T H (2001), ‘Systemic risk in financial systems’, Management Science,Vol. 47, No. 2, pages 236–49.Elsinger, H, Lehar, A and Summer, M (2006), ‘Using market information for banking systemrisk assessment’, International Journal of Central Banking, Vol. 2(1), pages 137–66.Gai, P, Jenkinson, N and Kapadia, S (2007), ‘Systemic risk in modern financial systems:analytics and policy design’, Journal of Risk Finance, Vol. 8, pages 156–65.Gauthier, C, Lehar, A and Souissi, M (2010), ‘Macroprudential regulation and systemiccapital requirements’, Bank of Canada Working Paper No. 2010–4.Haldane, A (2009), ‘Rethinking the financial network’, speech at the Financial StudentAssociation, Amsterdam, April.James, C (1991), ‘The losses realized in bank failures’, Journal of Finance, Vol. 46(4), pages1,223–42.Jensen, M C (1986), ‘The agency costs of free cash flow: corporate finance and takeovers’,American Economic Review, Vol. 76(2), pages 32329.Jensen, M C and Meckling, W H (1976), ‘The theory of the firm: managerial behavior, agencycosts and ownership structure’, Journal of Financial Economics, Vol. 3, pages 30560.Merton, R (1974), ‘On the pricing of corporate debt: the risk structure of interest rates’, Journalof Finance, Vol. 29, pages 449–70.Modigliani, F and Miller, M (1958), ‘The cost of capital, corporation finance and the theory ofinvestment’, American Economic Review, Vol. 58, pages 261–97.Myers, S C and Majluf, N S (1984), ‘Corporate financing and investment decisions when firmshave information that investors do not have’, Journal of Financial Economics, Vol. 13, pages187221.Shapley, L S (1953), ‘A value for nperson games’, reprinted in Roth, A E (ed.), The Shapleyvalue, Cambridge University Press.Tarashev, N, Borio, C and Tsatsaronis, K (2010), ‘Attributing systemic risk to individualinstitutions’, Bank for International Settlements Working Paper No. 308.Upper, C (2007), ‘Using counterfactual simulations to assess the danger of contagion ininterbank markets’, Bank for International Settlements Working Paper No. 234.Van Lelyveld, I and Liedorp, F (2006), ‘Interbank contagion in the Dutch banking sector: asensitivity analysis’, International Journal of Central Banking, Vol. 2(2), pages 99132.Wells, S (2004), ‘Financial interlinkages in the United Kingdom’s interbank market and the riskof contagion’, Bank of England Working Paper No. 230.