… institutions invest in common assets and is referred to as overlapping portfolios. In this
work we quantify systemic risk from indirect interconnections between financial institutions. …

… quantification of many properties of financial systems. The analysis of the structure of
investment portfolios … To further support the previous result about the role of portfolio overlap, we …

… risk that significant fraction of financial network defaults • systemic risk is not the same as
default risk • systemic risk is not the same as economic risk • banks care about credit-default risk …

… In a financial system, the interconnectedness among entities from investing in common assets
(portfolio overlaps) is considered an important channel for the propagation of systemic risk …

… of the financial system. … overlapping portfolios in greater detail. The goal of this paper is to
provide a quantitative framework for computing systemic contagion losses in a financial system…

… We further quantify the effects of cyclicality, leverage, volatility … receive a loan) within the
banking system itself (“interbank”) … The overlap between the external assets highlights potential …

… a latent space visualisation of the financial system. This provides a … the systemic risk associated
with a financial system, and to … quantifies the pure correlation between any two financial …

… quantify the daily contributions to systemic risk from four layers of the Mexican banking system
… To test the significance of the observed link-overlap, we compare it to a null-model. For …

… assessment of systemic risk for Chinese financial institutions. … This indicates that our financial
system as a whole is in a … ) Quantification of systemic risk from overlapping portfolios in …

… as appropriate for quantifying systemic risk. … of portfolio holdings of financial institutions,
Pichler et al. (2018) and Poledna et al. (2018a) quantify the systemic risk of overlapping portfolios…