analyse the complete tail risk connectedness network of the whole US industry system. We also investigate the empirical … relationship between input-output linkages and the tail risk spillovers among US industries. Our findings identify the tail-risk … drivers, tail-risk takers, and tail-risk distributors among industries and confirm that the actual trade flow between …

risk and to detect macrofinancial problems has become a central concern. In the United States, this concern has been …

Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the … of the benefits and potential pitfalls with respect to a single market participant's counterparty risk exposure when … elements can render central clearing harmful for a market participant's counterparty risk exposure regardless of the number of …

building a dynamic stochastic general equilibrium model linked to global climate and a catastrophe risk model specifically for … drawing strong conclusions about the relevance of climate risk, as the model focused only on typhoons’ physical capital …

Bilateral derivatives valuation is subject to counterparty credit risk (CCR) in that a counterparty could jump to … default or its credit spread could vary over time. In the nomenclature of risk management, the former is called CCR exposure … in risk management has been challenging and controversial. The CVA capital charge, for example, has gone through a few …