We propose a semiparametric measure to estimate systemic interconnectedness across financial institutions based on tail-driven spill-over effects in a ultra-high dimensional framework. Methodologically, we employ a variable selection technique in a time series setting in the context of a...

Numerous studies have presented compelling findings regarding the favorable influence exerted by the construction of metro systems on the development of land use along the routes. However, the effects of metro network structure on land use change, especially the long-term dynamic effects, remain...