This paper examines the financial stability implications arising from securitization markets, with one eye on the past … industry developments in the years before the crisis. Emphasis is placed on the various ways in which securitization markets … securitization markets are then discussed, including a treatment of various regulatory initiatives, the operational infrastructure of …

This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to …

indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any 'globalization' of the euro area crisis is likely to be channelled through …

Bank stress tests of climate change risks are relatively new, but are rapidly proliferating. The IMF and World Bank … substantially with climate change. However, bank capital declines only modestly unless the event is compounded with other disasters …

We construct a country-level indicator capturing the extent to which aggregate bank credit growth originates from banks … with a relatively riskier profile, which we label the Riskiness of Credit Origins (RCO). Using bank-level data from 42 … robustly predicts downside risks to GDP growth even after controlling for aggregate bank credit growth and financial conditions …

utilize high frequency financial data while the third uses bank balance sheet data to assess banks' bilateral exposures …