As the total value of the global financial market outgrew the value of the real economy,
financial institutions created a global web of interactions that embodies systemic risks …

Real networks exhibit heterogeneous nature with nodes playing far different roles in
structure and function. To identify vital nodes is thus very significant, allowing us to control …

This paper provides a critique of the DSGE models that have come to dominate
macroeconomics during the past quarter-century. It argues that at the heart of the failure …

We analyze the effects on financial stability of the interplay between climate transition risk
and market conditions, such as recovery rate and asset price volatility. To this end, we …

This paper argues that the extent of financial contagion exhibits a form of phase transition:
as long as the magnitude of negative shocks affecting financial institutions are sufficiently …

Today's strongly connected, global networks have produced highly interdependent systems
that we do not understand and cannot control well. These systems are vulnerable to failure …

Systemic risk, here meant as the risk of default of a large portion of the financial system,
depends on the network of financial exposures among institutions. However, there is no …

Interconnections among financial institutions create potential channels for contagion and
amplification of shocks to the financial system. We estimate the extent to which …

This article presents an analysis of the literature on systemic financial risk. To that end, we
analyze and classify 266 articles that were published no later than September 2016 in the …

Globally, financial services are well positioned to contribute to the transformation needed for
sustainable futures and will be critical for supporting corporate activities that regenerate and …