The aim of this study is to investigate the possible contagion risk coming from energy, food and metals commodity … markets and to assess risk spillovers from biofuel to food commodity markets and from crude oil to food markets. To this … purpose, we use the delta Conditional Value-at-Risk ΔCoVaR) approach recently proposed by Adrian and Brunnermeier (2016) based …

The aim of this study is to investigate the possible contagion risk coming from energy, food and metals commodity … markets and to assess risk spillovers from biofuel to food commodity markets and from crude oil to food markets. To this … purpose, we use the delta Conditional Value-at-Risk CoVaR) approach recently proposed by Adrian and Brunnermeier (2016) based …

. Other systemically important institutions bear more individual market risk. The two groups and the global financial system …

industries, they will exploit the enhanced risk sharing opportunities through more specialization in lending. The enhanced … concentration in lending does not increase risk, because a well-functioning interbank market allows to achieve the necessary … diversification. The greater need for risk sharing through it increases, however, the risk of cross-border contagion. Better risk …