The COVID-19 pandemic has caused major disruptions in global supply chains with unforeseen and unpredictable consequences. However, the pandemic was not the only reason why supply chain risk management has become more crucial than ever before. In the last decade, the occurrence of previously...

This paper proposes an operational approach to stress testing, allowing one to assess the banking sector's vulnerability in multiple plausible macro-financial scenarios. The approach helps identify macro-financial risk factors of particular relevance for the banking system and individual banks...

While global supply chains have recently gained attention in the context of the Covid-related crisis as well as the war in Ukraine, their role in transmitting and amplifying climate-related physical risks across countries has received surprisingly little attention. To address this shortcoming,...