MERYEM DUYGUN Meryem.Duygun@nottingham.ac.uk
Aviva Chair in Risk and Insurance
Challenges to global financial stability: Interconnections, credit risk, business cycle and the role of market participants
Duygun, Meryem; Ladley, Daniel; Shaban, Mohamed
Authors
Daniel Ladley
Mohamed Shaban
Abstract
The worldwide financial crisis (WFC) of 2007-09 has shown the importance of cross-sectional dependencies of assets, credit exposures and volatility, which can threaten domestic and global financial stability through cascades in financial networks. A correct assessment of company-specific risk has to account for the potential risk spillover effects from other firms (Hautsch et al. 2014). This is because of the intertwined nature of financial markets, which allow the spread of risk throughout the system (Acemoglu et al., 2015). The potential impact of interconnected financial institutions on the entire financial system has been a financial stability concern for central banks and regulators. The need for economic foundations for a systemic risk measure is more than an academic concern since it involves regulators, supervisory authorities and policy-makers (Acharya et al. 2017). This special issue provides a substantial contribution to the systemic risk literature
Citation
Duygun, M., Ladley, D., & Shaban, M. (2020). Challenges to global financial stability: Interconnections, credit risk, business cycle and the role of market participants. Journal of Banking and Finance, 112, 105735. https://doi.org/10.1016/j.jbankfin.2020.105735
Journal Article Type | Article |
---|---|
Acceptance Date | Jan 3, 2020 |
Online Publication Date | Feb 13, 2020 |
Publication Date | 2020-03 |
Deposit Date | Feb 18, 2020 |
Publicly Available Date | Aug 14, 2021 |
Journal | Journal of Banking & Finance |
Print ISSN | 0378-4266 |
Electronic ISSN | 1872-6372 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 112 |
Article Number | 105735 |
Pages | 105735 |
DOI | https://doi.org/10.1016/j.jbankfin.2020.105735 |
Keywords | Economics and Econometrics; Finance |
Public URL | https://nottingham-repository.worktribe.com/output/3986059 |
Publisher URL | https://www.sciencedirect.com/science/article/pii/S0378426620300029 |
Additional Information | This article is maintained by: Elsevier; Article Title: Challenges to global financial stability: Interconnections, credit risk, business cycle and the role of market participants; Journal Title: Journal of Banking & Finance; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.jbankfin.2020.105735; Content Type: simple-article; Copyright: © 2020 Published by Elsevier B.V. |
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