Hong, Jong Soo - In: KDI-journal of economic policy 46 (2024) 1, pp. 21-51
context, this paper analyzes the systemic risk of both banks and non-bank sectors (securities firms and insurance companies …) in South Korea over different time periods. Using the widely recognized ΔCoVaR methodology for measuring systemic risk …, the analysis reveals that systemic risk increased substantially across all three sectors (banks, securities firms, and …