context, this paper analyzes the systemic risk of both banks and non-bank sectors (securities firms and insurance companies …) in South Korea over different time periods. Using the widely recognized ΔCoVaR methodology for measuring systemic risk …, the analysis reveals that systemic risk increased substantially across all three sectors (banks, securities firms, and …

Systemic risk refers to the potential for a disruption in one part of a financial system to trigger a cascade of … adverse effects, impacting the functioning of the system. Despite the progress on novel systemic risk measures, research on … dynamics of systemic risk network structure and its community effect is still in its initial state. In this study, we utilize …

The main contribution of this paper is the construction of a cyclical systemic risk indicator from early warning …