Challenges to global financial stability: Interconnections, credit risk, business cycle and the role of market participants
(2020)
Journal Article
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
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... Read More about Challenges to global financial stability: Interconnections, credit risk, business cycle and the role of market participants.