This paper contributes to the literature on systemic risk by assessing the network structure of bilateral insurance exposures in the global non-life insurance market. The reinsurance is the major risk transfer function in the global insurance market and its network has a hierarchical structure....

This study assesses the network structures of cross-shareholdings among listed Japanese companies using a dataset of 2,936 companies for fiscal years 2008-2015. First, we analyze the network structure of cross-shareholdings in the Japanese stock market using centrality measures. Financial...

This study assesses the interconnectedness of credit risk exposures in a tripartite network of cross-shareholdings among banks, insurers, and firms in Japan's stock market during the fiscal years 2008-2015. We use consistent measures: credit risk exposure by PD (probability of default)/LGD (loss...

This study aims to assess interconnectedness and risk in the market for syndicated loans to Japan's real estate investment trusts (J-REITs) from fiscal year (FY) 2013 to FY 2020 and the first half of FY 2021. Network analysis indicates that Japanese major banks, large regional banks, and J-REITs...