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 …

identified as `core´ intermediaries became even more popular and (2) indirect counterparty risk appears to be more of a concern …

huge shock to the world's financial markets, which were already stressed from the deflated housing bubble and questions …, contributing to a retraction of wholesale funding and a severe liquidity crisis for many firms, including many with no direct links …

which both short- and long-term interbank markets exist. By doing so, we study how liquidity shocks (de)stabilize the system …

In this study the tail systemic risk of the Brazilian banking system is examined, using the conditional quantile as the … risk measure. Multivariate conditional dependence between Brazilian banks is modelled with a vine copula hierarchical … structure. The results demonstrate that Brazilian financial systemic risk increased drastically during the global financial …

risky investments and riskless excess reserves according to their risk, return, and liquidity preferences. They are linked … markets in the short-run only. Comparing different interbank network structures, it is shown that money-center networks are … more stable than random networks. Systemic risk via contagion is compared to common shocks and it is shown that both forms …

through the network of exposures. Using detailed DTCC data we model the full network of exposures, the shock-induced payments …, the initial margin collected, and liquidity buffers for about 900 firms operating in the U.S. credit default swaps market … approach from conventional network models, which typically assume that full default is triggered whenever the default boundary …