This book focuses on the application of newly innovated analytical tools for sustainable development on regional economic and environmental issues in Korea. With a range of case studies, the authors explore a series of theoretical models and empirical methods including spatial CCE Model,...

What is the impact of granular credit risk on banks and on the economy? We provide the first causal identification of single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an administrative matched bank-firm dataset from Norway. Exploiting the fat tail...