A climate stress-test of the financial system

S Battiston, A Mandel, I Monasterolo, F Schütze… - Nature Climate …, 2017 - nature.com
The urgency of estimating the impact of climate risks on the financial system is increasingly
recognized among scholars and practitioners. By adopting a network approach to financial …

Financial networks and stress testing: Challenges and new research avenues for systemic risk analysis and financial stability implications

S Battiston, S Martinez-Jaramillo - Journal of Financial Stability, 2018 - Elsevier
Network models, stress testing methods and early warning systems are attracting growing
interest both among scholars and practitioners. In this short paper, we illustrate some of the …

A financial macro-network approach to climate policy evaluation

V Stolbova, I Monasterolo, S Battiston - Ecological Economics, 2018 - Elsevier
Existing approaches to assess the economic impact of climate policies tend to overlook the
financial sector and to focus only on direct effects of policies on the specific institutional …

How does risk flow in the credit default swap market?

M D'errico, S Battiston, T Peltonen… - Journal of Financial …, 2018 - Elsevier
We develop a framework to analyse the credit default swap (CDS) market as a network of
risk transfers among counterparties. From a theoretical perspective, we introduce the notion …

[HTML][HTML] Distress propagation in complex networks: the case of non-linear DebtRank

M Bardoscia, F Caccioli, JI Perotti, G Vivaldo… - PloS one, 2016 - journals.plos.org
We consider a dynamical model of distress propagation on complex networks, which we
apply to the study of financial contagion in networks of banks connected to each other by …

Monitoring vulnerability and impact diffusion in financial networks

TC Silva, SRS Souza, BM Tabak - Journal of Economic Dynamics and …, 2017 - Elsevier
In this paper, we propose novel risk-related network measurements to identify the roles that
financial institutions play as potential targets or sources of contagion. We derive theoretical …

Rethinking financial contagion

G Visentin, S Battiston, M D'Errico - arXiv preprint arXiv:1608.07831, 2016 - arxiv.org
How, and to what extent, does an interconnected financial system endogenously amplify
external shocks? This paper attempts to reconcile some apparently different views emerged …

[HTML][HTML] Systemic risk and other interdependencies among banks in Bolivia

J Caceres-Santos, A Rodriguez-Martinez… - Latin American Journal …, 2020 - Elsevier
We performed a study of the Bolivian high-value payment system between 2015 and 2020
and of the network of interbank exposures between 2018 and 2020. We characterize the …

Financial stability through the lens of complex systems

G Hałaj, S Martinez-Jaramillo, S Battiston - Journal of Financial Stability, 2024 - Elsevier
In this cover paper, we introduce a Special Issue (SI) published after the fourth edition of a
series of financial stability conferences organized by Bank of Mexico, CEMLA, Bank of …

[HTML][HTML] A network characterization of the interbank exposures in Peru

W Cuba, A Rodriguez-Martinez, DA Chavez… - Latin American Journal …, 2021 - Elsevier
Abstract After the Global Financial Crisis (GFC), systemic risk measurement became crucial
for policy makers as well as for academics. We have witnessed an important increase in the …