A climate stress-test of the financial system
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 …
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 …
interest both among scholars and practitioners. In this short paper, we illustrate some of the …
A financial macro-network approach to climate policy evaluation
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 …
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?
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 …
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
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 …
apply to the study of financial contagion in networks of banks connected to each other by …
Monitoring vulnerability and impact diffusion in financial networks
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 …
financial institutions play as potential targets or sources of contagion. We derive theoretical …
Rethinking financial contagion
How, and to what extent, does an interconnected financial system endogenously amplify
external shocks? This paper attempts to reconcile some apparently different views emerged …
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 …
and of the network of interbank exposures between 2018 and 2020. We characterize the …
Financial stability through the lens of complex systems
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 …
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 …
for policy makers as well as for academics. We have witnessed an important increase in the …