The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of …

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models … used to understand the channels of transmission of systemic risk. The theoretical model allows for systemic risk due to … interbank counterparty risk, common asset exposures/fire sales, and a 'Minsky" cycle of optimism. The empirical model uses stock …

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 …

vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk …

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It … approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …

of tools—developed at the IMF and externally—to identify the implications of interconnectedness in systemic risk and how …

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by …

sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent … transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk … risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and …