-reaching that it should, as this article argues, be termed a systemic risk. As such, the economic implications of climate change …

spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral … magnitude and direction of real-sector risk transmission across European countries. While risk transmission to the non …-financial sector increases during crisis events, risk transmission within the non-financial sector remains largely unchanged. …

spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral … magnitude and direction of real-sector risk transmission across European countries. While risk transmission to the non …-financial sector increases during crisis events, risk transmission within the non-financial sector remains largely unchanged. …

In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are … crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are … than US ones. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide …

. Moreover, although they mitigate credit risk, CCPs create liquidity risks, because they rely on participants to provide cash … liquidity risk. …

's vulnerability in multiple plausible macro-financial scenarios. The approach helps identify macro-financial risk factors of …

euro area covering the real economy, monetary policy and measures of ex ante and ex post systemic risk representing … take a risk management perspective, One exercise considers the intertemporal financial stability trade-off in the context …