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DOI10.1016/j.jfs.2024.101228
Financial stability through the lens of complex systems
发表日期2024
ISSN1572-3089
EISSN1878-0962
起始页码71
卷号71
英文摘要In this cover paper, we introduce a Special Issue (SI) published after the fourth edition of a series of financial stability conferences organized by Bank of Mexico, CEMLA, Bank of Canada, Zurich University and the Journal of Financial Stability in November 2021. Before providing our perspective on why the research papers included into the SI are of great relevance, we give a brief and personal overview of recent directions in financial stability research in general, esp., related to topics accentuated by the COVID-19 pandemic or post-pandemic economic and financial conditions and their complexity. Papers published in the SI cover four topics of research in the financial stability field, featuring some outstanding and innovative projects presented during the conference. The first topic is on interconnectedness and shock transmission in the financial system, diving deep into asset fire sales, interconnectedness of various segments of the financial system, in addition to banks, on the optimality of systemic risk capital buffers, and on how risks are priced in the interbank market network. The second one touches upon climate change risks looking at investors' reactions to international climate policy developments, in particular on the Paris Agreement front and how to jointly model physical and transition risk in the banking system, including the important concept of double materiality. The third topic is represented by projects focused on policy analysis for systemic risk mitigation, specifically dealing with macroprudential policy instruments and crisis mitigation policies. Finally, research papers in the last topic on big data and market data focus on the innovative ways to explore the growing body of data sources, such as data collected by regulators, including credit register data, supervisory data and market data on financial transactions, to better understand sources and implications of systemic risk.
英文关键词Financial stability; Complex system; Systemic risk
语种英语
WOS研究方向Business & Economics
WOS类目Business, Finance ; Economics
WOS记录号WOS:001176627500001
来源期刊JOURNAL OF FINANCIAL STABILITY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/300609
作者单位University of Zurich; European Central Bank; Bank of Mexico
推荐引用方式
GB/T 7714
. Financial stability through the lens of complex systems[J],2024,71.
APA (2024).Financial stability through the lens of complex systems.JOURNAL OF FINANCIAL STABILITY,71.
MLA "Financial stability through the lens of complex systems".JOURNAL OF FINANCIAL STABILITY 71(2024).
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