apply to the United Kingdom. We identify 29 indicators of financial stability risk, drawing from the literature on early …

We investigate the extent to which various structural risks exacerbate the materialization of cyclical risk. We use a … role in explaining the severity of cyclical and credit risk materialization during financial cycle contractions. Among …

This paper proposes and examines a new structural risk of default model for banks in frictional and fuzzy financial … markets. It is motivated by the need to fill the shortcomings of probability-based credit risk metric models that are … characterised by unrealistic assumptions such as crisply precise and constant risk-free rates of return. The problem investigated …