In this paper we study the impact of non-performing loans (NPLs) on financial stability using a network based approach … network in 1991-2016 and identify a series of stylized facts. We show that many regularities found at national level by the … literature hold also at international level. Based on our empirical findings, we develop a simple network model in which banks …

. Two interconnected channels of risk are analysed by employing a data-driven, heterogeneous network model. First, the risk …We assess transmission channels of systemic risk and the effects of capital regulation in the European Banking Union … spread through the interbank market. A Bayesian approach is used to reconstruct the network of interbank exposures by Gibbs …

We examine how the repo market operates during liquidity stress by applying network analysis to novel transaction …-level data of the overnight gilt repo market including the Covid-19 crisis. During this crisis, the repo network becomes more …

liquidity crises emerge. We shape the configuration of the financial network to generate two polar worlds: one is characterized …To date, macroprudential policy inspired by the Basel III package is applied irrespective of the network … requirements conditional to systemic-risk measures of banks should regard the degree of heterogeneity of financial networks. We …

We examine how the repo market operates during liquidity stress by applying network analysis to novel transaction …-level data of the overnight gilt repo market including the COVID-19 crisis. During this crisis, the repo network becomes more … behaviour of banks and non-banks in recent liquidity stress and on widening participation in CCPs by nonbanks …

supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary …This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … risk, global credit demand, and price effects such as interest rate differentials and exchange rates, empirical evidence …

funding liquidity channel; banks with more liquid balance sheets would choose to issue less CB and MBS whereas banks with high …

us that the hardest risk to foresee is the probability of default even by normally well-paying debtors. The current …