should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the … have disastrous effects and cause extreme damage as the number of network nodes goes to infinity. Strongly interconnected …

-to-asset, undercapitalized, and low network centrality banks. However, this effect is moderated by formal bank regulation (e.g., deposit … study examining the effect of the pandemic on bank systemic risk. We find the pandemic increases systemic risk across … countries. The effect operates through government policy and bank default risk channels. Additional analysis suggests that the …

range of real sectors is limited. Our results imply that regulators and supervisors should address international bank … dependencies arising from common risk factors, while recessions in real sectors due to bank defaults should be a secondary concern. …

We investigate the information content of stock correlation based network measures for systemic risk rankings, such as … ranking based on average pairwise stock correlations. Next, we find that correlation based network measures still appear to … more subtle network relations and feedback loops. …

In all empirical-network studies, the observed properties of economic networks are informative only if compared with a … network) that are unrealistic for most economic networks like the World Trade Web (WTW). In this paper we study the evolution … of the WTW using a recently-proposed family of null network models. The method allows to analytically obtain the expected …

the role of the bank rescues in igniting the sovereign debt crisis and reviews approaches to detect early warning signals …

how to treat sovereign exposures in bank regulation. Our contribution is to model endogenous sovereign portfolio …