Management of systemic risk in financial markets is traditionally associated with setting (higher) capital requirements for market participants. There are indications that while equity ratios have been increased massively since the financial crisis, systemic risk levels might not have lowered,...

Globale Krisen zeigen die Anfälligkeit von Lieferketten, besonders in Deutschland und Europa. Strukturelle Veränderungen wie Digitalisierung, Dekarbonisierung und regionale Sicherheit erhöhen den Bedarf an importierten Rohstoffen. Bestehende Abhängigkeiten werden dadurch vertieft,...

Globale Krisen zeigen die Anfälligkeit von Lieferketten, besonders in Deutschland und Europa. Strukturelle Veränderungen wie Digitalisierung, Dekarbonisierung und regionale Sicherheit erhöhen den Bedarf an importierten Rohstoffen. Bestehende Abhängigkeiten werden dadurch vertieft,...

Realistic credit risk assessment, the estimation of losses from counterparty's failure, is central for the financial stability. Credit risk models focus on the financial conditions of borrowers and only marginally consider other risks from the real economy, supply chains in particular. Recent...

Crises like COVID-19 or the Japanese earthquake in 2011 exposed the fragility of corporate supply networks. The production of goods and services is a highly interdependent process and can be severely impacted by the default of critical suppliers or customers. While knowing the impact of...

The Covid-19 pandemic drastically emphasized the fragility of national and international supply networks (SNs), leading to significant supply shortages of essential goods for people, such as food and medical equipment. Severe disruptions that propagate along complex SNs can expose the population...