As the total value of the global financial market outgrew the value of the real economy,
financial institutions created a global web of interactions that embodies systemic risks …

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 …

The recent financial crisis has prompted much new research on the interconnectedness of
the modern financial system and the extent to which it contributes to systemic fragility …

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 …

Interconnections among financial institutions create potential channels for contagion and
amplification of shocks to the financial system. We estimate the extent to which …

Many firms, banks, or other economic agents embedded in a network of codependencies
may experience a contemporaneous, sharp drop in functionality or productivity following a …

Financial institutions form multilayer networks by engaging in contracts with each other and
by holding exposures to common assets. As a result, the default probability of one institution …

The global financial system can be represented as a large complex network in which banks,
hedge funds and other financial institutions are interconnected to each other through visible …

We address the problem of risk sharing among agents using a two-parameter class of
quantile-based risk measures, the so-called range-value-at-risk (RVaR), as their …

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 …