Will energy transitions impact financial systems?
Sign Up to like & getrecommendations! Published in 2020 at "Energy"
DOI: 10.1016/j.energy.2020.116910
Abstract: A low-carbon transition requires changes in the energy structure that may affect the financial system. However, little theoretical and empirical evidence has been produced regarding the interaction between different subsystems. This article presents empirical evidence… read more here.
Keywords: energy transitions; energy; financial system; electricity ... See more keywords
Benefit attribution in financial systems with bilateral netting
Sign Up to like & getrecommendations! Published in 2021 at "Finance Research Letters"
DOI: 10.1016/j.frl.2021.102179
Abstract: Abstract We develop a cooperative game model and apply the Shapley value to the game to attribute overall benefits of bilateral netting to individual financial institutions. We propose three different characteristic functions, each of which… read more here.
Keywords: attribution financial; bilateral netting; benefit attribution; financial systems ... See more keywords
The interconnected nature of financial systems: Direct and common exposures
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2017.05.010
Abstract: Abstract To capture systemic risk related to network structures, this paper introduces a measure that complements direct exposures with common exposures, as well as compares these to each other. Trying to address the interconnected nature… read more here.
Keywords: common exposures; network; interconnected nature; financial systems ... See more keywords