increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose …

This paper suggests a novel approach to assess corporate sector solvency risk. The approach uses a Bottom-Up Default … Analysis that projects probabilities of default of individual firms conditional on macroeconomic conditions and financial risk … extended with credit portfolio techniques, the approach can also assess the aggregate impact of changes in firm solvency risk …

(iii) exposure to households increased prior to the crisis, but this increased risk was offset by increased capitalization …

relations between solvency shocks and liquidity shocks. These relations are then used to model liquidity and solvency risk in a …. We define the concept of 'Liquidity at Risk', which quantifies the liquidity resources required for a financial …

Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers … data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …