should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the …Systemic risk is a fundamental constituent of contemporary financial systems. For the past decades a growing number of … external or internal impulses. This requires a paradigm shift in thinking about systemic risk. A component-oriented perspective …

This paper investigates systemic risk and contagion processes in the inter-bank network using network science methods … contagion process in the network regarding changes in the network structure, as well as changes in the characteristics of … accelerate or block contagion proces depending on the structure of the network and seniority of debts in the inter-bank network …

key terminology, we review models for leverage and endogenous risk dynamics. We then review the network aspects of … systemic risk, including models for the three main channels of contagion: counterparty loss, overlapping portfolios and funding … between these two approaches has enriched our understanding of systemic financial risk. After presenting a brief summary of …

economy. Our framework incorporates the interactions between the network of banks (exhibiting contagion mechanisms among them …) and the network of firms (transmitting shocks to each other along the supply chain) which systems are linked together via …

measures already applied in the systemic risk literature which do not take into account the structure of a contagion mechanism … of the Hungarian interbank lending network and besides, network measures as systemic risk indicators are analyzed on …This paper investigates the effects of contagion in interbank lending networks. I introduce a new measure based on the …

that time in general resilient to the default of large banks, i.e. did not exhibit substantial contagion risk. Even though …We introduce a novel simulation-based network approach, which provides full-edged distributions of potential interbank … distributions in general. Our application to German regulatory data from End-2016 shows that the German interbank network was at …

The recent financial crisis proved that financial contagion could spread among countries resulting in disruptive … data from the BIS and IMF, the possible outcome of domestic crises and how contagion spreads over countries. Results allow … affect each other country by contagion, signaling the importance of financial interdependence between some neighboring …

We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In … existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a … default. In contrast, shocks are transmitted via asset devaluations and deteriorations in the credit quality in our algorithm …

We construct an empirical measure of expected network spillovers that arise through default cascades for the U … (like the fed funds market) or one specific financial instrument (like credit default swaps). We find negligible expected … spillovers from 2002 to 2007 and from 2013 to 2016. However, between 2008 and 2012, we find that default spillovers can amplify …

We investigate systemic risk and how financial contagion propagates within the euro area banking system by employing … the dominance of the sovereign credit risk channel amplifies, as the primary source of financial contagion in the banking … network. Systemic risk within the northern euro area banking system is less apparent, while the southern euro area banking …