GRA · Financial Stability
Spatial financeWhere capital meets hazard, exposure and transition
Professional research
Financial Stability research asks when a shock that begins outside finance becomes a system-wide event: which common exposures exist, which amplifiers could turn losses into fire sales or runs, and how the real economy feeds stress back. It uses public aggregates and published supervisory analysis, and never assesses an individual institution.
Professional research in four parts.
What the research asks.
- 01
Systemic interconnectedness
Banks, insurers and nonbanks linked through exposures.
- 02
Nonbank financial intermediation
Funds, credit and liquidity connections.
- 03
Liquidity and market stress
Funding shortages and correlated behaviour.
- 04
Contagion and fire sales
Amplification pathways across markets.
- 05
Cross border financial risk
Global funding and currency spillovers.
- 06
Crisis management and resolution
Recovery, resolution and public authority boundaries.
Questions, methods and limits.
| Question | Method | Limit |
|---|---|---|
| Can a large natural catastrophe hit banks and insurers in the same quarter? | Joint reading of insured exposure, collateral geography and asset holdings | Location data is aggregate |
| How do nonbank leverage and bank funding of nonbanks interact? | Analysis of public monitoring data and supervisory reports | Fund-level leverage is partly unobserved |
| Which critical services would stop if one provider failed? | Dependency mapping from public registers | Contracts are private |
| When does deleveraging reduce credit to the real economy enough to deepen a downturn? | Macro-financial feedback models | Behaviour under stress is uncertain |
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