banking literature to the insurance industry; (ii) assessing the interconnections among reinsurers through potential claims … rather than premiums; and (iii) investigating the most opaque part of the global insurance market, namely, counterparty … in the insurance sector and promote financial stability. …

, the credibility and effectiveness of these guarantees are crucially intertwined with the sovereign's funding risks … rollover risks of a bank and a government, which are connected through the government's guarantee of bank liabilities. We show …

We propose a tractable, model-based stress-testing framework where the solvency risks, funding liquidity risks and … market risks of banks are intertwined. We highlight how coordination failure between a bank's creditors and adverse selection …

unsecured debt and thus exacerbates fragility and raises unsecured funding costs. Deposit insurance or wholesale funding …

fully internalize default costs from high lending since deposit insurance cannot be priced fairly. Still, output net of …