Brechmann, Eike C.; Hendrich, Katharina; Czado, Claudia - In: Insurance: Mathematics and Economics 53 (2013) 3, pp. 722-732
Since the financial crisis of 2007–2009 there is an active debate by regulators and academic researchers on systemic risk, with the aim of preventing similar crises in the future or at least reducing their impact. A major determinant of systemic risk is the interconnectedness of the...