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Systemic and Systematic Risk

open access: yes, 2016
The main goal of any risk management practice is to be able to insure an acceptable level of predictability in order to gain a lead-time to mitigate a possible risk. However, until new risk management approaches are employed to fill the gap between the known and unknown, most crises will continue to come as a surprise.
Rudolf Schmandt, Nabil Abu el Ata
openaire   +2 more sources

Financial Network Systemic Risk Contributions [PDF]

open access: yes
We propose the systemic risk beta as a measure for financial companies’ contribution to systemic risk given network interdependence between firms’ tail risk exposures.
Julia Schaumburg   +2 more
core  

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