This Paper develops a broad concept of systemic risk, the basic economic concept for the understanding of financial … related payment and settlement systems. At the heart of systemic risk are contagion effects, various forms of external effects … systemic risk, which has evolved swiftly in the last couple of years, is surveyed in the light of this concept. Various …

Coping with Financial Fragility and Systemic Risk identifies and discusses the sources of perceived fragility in … solutions for dealing with systemic risk and mitigating the consequences. Finally, the book examines regulatory solutions to …

proposes an aggregate early-warning indicator of systemic risk in the banking sector. The indicator is derived from a logistic … early-warning signals of systemic risk in the banking sector within a two-year horizon. In this context, the indicator … provides mid-term signals of systemic risk that complement those derived from macrofinancial indicators and from measures of …