We provide an overview of the relationship between financial networks and systemic risk.
We present a taxonomy of different types of systemic risk, differentiating between direct …

China's green growth has shown a trend of fluctuation year by year. Simultaneously,
Chinese local governments have pursued simple economic growth driven by the interests of …

We review the extensive literature on systemic risk and connect it to the current regulatory
debate. While we take stock of the achievements of this rapidly growing field, we identify a …

We study cascades of failures in a network of interdependent financial organizations: how
discontinuous changes in asset values (eg, defaults and shutdowns) trigger further failures …

Using a sample of commercial banks based in OECD countries, we investigate the effect of
bank diversification on financial stability and find a significantly nonlinear (ie, inverted U …

The recent financial crisis poses the challenge to understand how systemic risk arises
endogenously and what architecture can make the financial system more resilient to global …

This paper finds noninterest income is positively correlated with the total systemic risk for US
banks. Decomposing total systemic risk into three components, we find that noninterest …

This paper analyzes the relationship between banks' divergent strategies toward
specialization and diversification of financial activities and their ability to withstand a banking …

We develop a model in which asset commonality and short-term debt of banks interact to
generate excessive systemic risk. Banks swap assets to diversify their individual risk. Two …

The euro crisis was fuelled by the diabolic loop between sovereign risk and bank risk,
coupled with cross-border flight-to-safety capital flows. European Safe Bonds (ESBies), a …