This paper presents an analysis of the dynamic measures of volatility connectedness of major bank stocks in the US and …

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 …

Liabilities between financial entities form a network. The clearing of liabilities and thereby contagion of risk and … default depend on this network structure. We provide an accurate and unrestricted mathematical model to understand clearing …