Showing 51 - 60 of 468
Persistent link: https://www.econbiz.de/10013286829
We develop a framework to analyse the Credit Default Swaps (CDS) market as a network of risk transfers among counter-parties. From a theoretical perspective, we introduce the notion of flow-of-risk and provide sufficient conditions for a bow-tie network architecture to endogenously emerge as a...
Persistent link: https://www.econbiz.de/10012955748
How, and to what extent, does an interconnected financial system endogenously amplify external shocks? This paper attempts to reconcile some apparently different views emerged after the 2008 crisis regarding the nature and the relevance of contagion in financial networks. We develop a common...
Persistent link: https://www.econbiz.de/10012984330
Over-the-counter markets are at the center of the post-crisis global reform of the financial system. We show how the size and structure of such markets can undergo rapid and extensive changes when participants engage in portfolio compression, a post-trade netting technology. Tightly-knit and...
Persistent link: https://www.econbiz.de/10012901943
Persistent link: https://www.econbiz.de/10013485989
Defines vulnerability and resilience in a way that makes the two concepts easily measurable: (1) people exposed to droughts and other shocks, or people living in dryland areas; (2) people sensitive to drought, or the share of people dependent on agriculture; and (3) people unable to cope with the...
Persistent link: https://www.econbiz.de/10012896293
The idea that resilience plays a role in mitigating the effects of disaster and climate change is be- coming widespread across the development community. Consequently, the concept of resilience has been translated into actionable metrics. In this paper, we use panel micro-data from coffee...
Persistent link: https://www.econbiz.de/10014234262
Persistent link: https://www.econbiz.de/10014234494
We develop a framework to analyse the Credit Default Swaps (CDS) market as a network of risk transfers among counterparties. From a theoretical perspective, we introduce the notion of flow-of-risk and provide sufficient conditions for a bow-tie network architecture to endogenously emerge as a...
Persistent link: https://www.econbiz.de/10013248859
This paper provides a unique snapshot of the exposures of EU banks to shadow banking entities within the global financial system. Drawing on a rich and novel dataset, the paper documents the cross-sector and cross-border linkages and considers which are the most relevant for systemic risk...
Persistent link: https://www.econbiz.de/10013248865