's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to ten OECD economies, showing the … Kingdom, show that a substantial degree of international risk sharing can occur through current accounts and international …

We discuss how cross-country unemployment insurance can be used to improve international risk sharing. We use a two … international risk sharing concerns enter the unemployment insurance trade-off. We calibrate our model to Eurozone data and find …

In recent years, major exporting economies experienced rising geopolitical risk. From the perspective of the US and the … euro area, we employ detailed product data panels to study the consequences of trading-partner geopolitical risk shocks on … risk shocks hit countries that are under US sanctions. Thus, increasing geopolitical risk triggers dynamics that are …

Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual … studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory … power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …

, foreign exchange risk migrates to the banking sector. We show how this migrated risk may induce systemic repercussions with … contracts, did not fully intermediate the risk and retained a large share of it on their own books. The depreciation of the …