the financial risk management literature. Importantly, the proposed framework is intended to be applied to non … is relevant in applications concerning with extreme events. We show that the associated tail risk network can be used for … measuring systemic risk contributions. We also apply the framework to study international financial contagion and the impact of …

Bayesian inference to replace Value- at-Risk (VaR) models in order to minimize risk failures. Despite its limitations, the … [increasingly] Bayesian—continues to be a key methodological foundation of risk management and regulation-related risk modeling … 'Bayesian vs. VaR' Dilemma to Empirical Model Risk Management: Managing Risk for Hedge Funds, IUP Journal of Financial Risk …