interdependence in the sensitivity of assets to the downside risk of other financial assets under severe firm-level and market … the "transmitters" and "receivers" of downside risk. We study the return series of 11 companies and the Food Industry … Mahram Manufacturing is the safest to hedge equity risk, and Glucosan and Behshahr Industries are the riskiest, while Gorji …

correspondingly higher. This adverse scenario could affect systemic risk via three main channels. First, a sudden transition away from …

How do changes in Environmental, Social and Governance (ESG) scores influence banks’ systemic risk contribution? We … interconnectedness and maintaining financial stability. A similar relationship for banks’ exposure to systemic risk is also found. Our …

Bank stress tests of climate change risks are relatively new, but are rapidly proliferating. The IMF and World Bank … 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 …

Systemic risk may be defined as the propensity of a financial institution to be undercapitalized when the financial … largest European financial firms and estimate their systemic risk over the 2000-2012 period. We find that, for certain …