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 …

The financial system could help achieve the global climate targets by aligning investments to
sustainability. However, investors are largely exposed to carbon-intensive assets that could …

Climate change has been recently recognised as a new source of risk for the financial
system. Over the last years, several central banks and financial supervisors have …

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 …

We study the relationship between climate change and financial systemic risk. First, we test
whether, to what extent and how quickly the systemic risk of US banking and insurance …

The global financial system can be represented as a large complex network in which banks,
hedge funds and other financial institutions are interconnected to each other through visible …

Existing approaches to assess the economic impact of climate policies tend to overlook the
financial sector and to focus only on direct effects of policies on the specific institutional …

Network models, stress testing methods and early warning systems are attracting growing
interest both among scholars and practitioners. In this short paper, we illustrate some of the …

PageRank (PR) is a fundamental tool for assessing the relative importance of the nodes in a
network. In this paper, we propose a measure, weighted PageRank (WPR), extended from …

Financial markets create endogenous systemic risk, the risk that a substantial fraction of the
system ceases to function and collapses. Systemic risk can propagate through different …