This book describes various approaches in modelling financial risks and compiling ratings. Focusing on emerging markets, it illustrates how risk assessment is performed and analyses the use of machine learning methods for financial risk assessment and measurement. It not only offers readers...

The study empirically assesses how macroprudential policy interacts with systemic risk, industrial production, and monetary intervention on a global level from January 2006 to December 2018. We adopt the aggregate proxies of these variables, capturing their global effects, and use a novel...

The paper investigates causal relationships between systemic risk, economic policy uncertainty and firm bankruptcies, conditional on global volatility proxied by the VIX index, in a sample of 15 advanced and major emerging market economies during January 2008-June 2018. We test for Granger...

Part I. New Trends in International Financial Development and Risk Assessment -- Chapter 1. Adapted Approaches to Measuring Financial Development Konstantin Krinichansky -- Chapter 2. Green Finance: Trends, Prospects and Risks Svetlana Pertseva , Anna Vityazeva -- Chapter 3. Dynamic BRICS Stock...

This study examines the evolution of research on systemic risk during the 2007-2021 period, encompassing the Global Financial Crisis, European financial crisis, the outbreak of the COVID-19 and a number of other notable episodes undermining global financial stability. Our research goal is...