In this paper, we perform analysis of systemic risk in the financial and energy sector in Europe. In our investigation, we work with daily time series of CDS spreads. We employ factor copula model with GAS dynamics of Oh and Patton (2016) for estimation purposes of dependency structures between...

The shift away from fossil fuels needed to reduce CO2 emissions requires the use of renewable carbon and energy sources, including biomass in the bioeconomy. Already today, the bioeconomy has a significant share in the EU economy with traditionally bio-based sectors. For the future, the energy,...