An important challenge worthy of NSF support is to quantify systemic financial risk. There are at least three major …

The aim of this paper is to conceptualize and design a risk topography that outlines a data acquisition and … dissemination process that informs policymakers, researchers and market participants about systemic risk. Our approach emphasizes … that systemic risk (i) cannot be detected based on measuring cash instruments, e.g., balance sheet items and income …