Monte Carlo simulations to quantify contagion-driven systemic risk and to evaluate the importance of the mechanisms in our …

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank … of EU banks between 2005 and 2017. Using linear local projections we show that high current levels of cyclical systemic …

-2009 financial crisis, research has also paid more attention to systemic risk and the impact of financial institutions on systemic … risk. As fintech grows, so too should the concern about its possible impact on systemic risk. This paper analyzes two … firms against the financial system to measure their impact on systemic risk. Our results show that at this time fintech …