Systemic risk of systemically important financial institutions in the post-2008 global financial crisis era : a tail risk network analysis

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      <subfield code="a">Systemic risk of systemically important financial institutions in the post-2008 global financial crisis era</subfield>
      <subfield code="b">: a tail risk network analysis</subfield>
      <subfield code="c">Tao Sun</subfield>
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      <subfield code="a">The study examines the evolution of systemic risk in globally systemic banks (G-SIBs) and insurers (G-SIIs) from 2011 to 2023 using a tail-risk network model. It finds that G-SIBs are more affected by banking crises, macroeconomic tensions, and geopolitical shocks, while G-SIIs are mainly impacted by the COVID-19 pandemic. The analysis highlights cross-country differences and reveals a bidirectional causal relationship between bank and insurer systemic risk, offering key insights for macroprudential regulation and international supervisory policy</subfield>
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      <subfield code="g">17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 950 - 977</subfield>
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      <subfield code="t">The Journal of risk and insurance</subfield>
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