Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK …

concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we …, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators … weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they …

Intro -- Contents -- I. INTRODUCTION -- II. EQUITY RETURNS AND SYSTEMATIC DEFAULT RISK -- III. EXTRACTING SYSTEMATIC … DEFAULT RISK MEASURES FROM CREDIT DERIVATIVES PRICES -- IV. IS SYSTEMATIC DEFAULT RISK PRICED IN EQUITY RETURNS? -- V …

This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more …

The increasing ability to trade credit risk in financial markets has facilitated its dispersion across the financial … and other sectors. However, specific risks attached to credit risk transfer (CRT) instruments in a market with still …

/or information collected by market participants for the purpose of their own risk management. The framework involves four pillars: (i … supervisory arrangements, (iii) assessing the risk mitigation infrastructure, and (iv) assessing the degree of market transparency …

Stricter derivative margin requirements have increased the demand for liquid collateral, but euro area investment funds … policies for nonbanks, particularly regarding liquidity risk in funds …