Th e 2007-2008 crisis has encouraged renewed eff orts in four interconnected areas: the
defi nition and measurement of systemic risk, the development of early warning indicators of …

This article provides a general overview of the impact of financial globalisation on financial
stability, with a view to identify the sources of strength and the potential vulnerabilities …

This paper proposes a fully nonparametric procedure for testing conditional quantile
independence. The conditional quantile framework provides a very general and flexible tool …

The purpose of this paper is to estimate the benefits from adopting close-out netting to
decrease the exposure to counterparty risk across the world markets and to establish the …

In the last decade, a considerable growth has been added to the volume of the credit risk
derivatives market. This growth has been followed by the current financial market …

This paper proposes a fully nonparametric procedure for testing conditional quantile
independence. The conditional quantile framework provides a more general and flexible …