In this paper we propose a measure of systemic risk in the financial sector, the Expected Systemic Shortfall (ESS … estimate from market CDS spreads and equity return correlations. Also, a methodology for computing the relative systemic risk … all samples and particularly for the European sub-sample. The relative systemic risk contribution of individual banking …

In recent years much attention has been given to systemic risk and maintaining financial stability. Much of the focus … preferences, and government failures add a further dimension to global systemic risk not present at the national level ….Systemic risk is a result of the interplay between two independent variables: an underlying trigger event, in this analysis a …

The study universally examines the consequences of geopolitical risk (GPR) on the financial stability of global banking … systems with a large panel of 158 economies around the world over the past decades. We find the adverse effects of GPR on … to mitigate the consequences of GPR on the world economy. Countries with better governance effectiveness such as higher …