108 citations · 229 across the 12 of their papers we have counts for
13 papers
Economic resilience from input-output susceptibility improves predictions of economic growth and recovery
Peter Klimek, Sebastian Poledna, Stefan Thurner
Modern macroeconomic theories were unable to foresee the last Great Recession and could neither predict its prolonged duration nor the recovery rate. They are based on supply-deman…
Quantification of systemic risk from overlapping portfolios in the financial system
Sebastian Poledna, Serafín Martínez-Jaramillo, Fabio Caccioli +1
Financial markets are exposed to systemic risk, the risk that a substantial fraction of the system ceases to function and collapses. Systemic risk can propagate through different m…
Identifying systemically important companies in the entire liability network of a small open economy
Sebastian Poledna, Abraham Hinteregger, Stefan Thurner
To a large extent, the systemic importance of financial institutions is related to the topology of financial liability networks. In this work we reconstruct and analyze the - to ou…
When does a disaster become a systemic event? Estimating indirect economic losses from natural disasters
Sebastian Poledna, Stefan Hochrainer-Stigler, Michael Gregor Miess +8
Reliable estimates of indirect economic losses arising from natural disasters are currently out of scientific reach. To address this problem, we propose a novel approach that combi…
Systemic-risk-efficient asset allocation: Minimization of systemic risk as a network optimization problem
Anton Pichler, Sebastian Poledna, Stefan Thurner
Systemic risk arises as a multi-layer network phenomenon. Layers represent direct financial exposures of various types, including interbank liabilities, derivative- or foreign exch…
Basel III capital surcharges for G-SIBs fail to control systemic risk and can cause pro-cyclical side effects
Sebastian Poledna, Olaf Bochmann, Stefan Thurner
In addition to constraining bilateral exposures of financial institutions, there are essentially two options for future financial regulation of systemic risk (SR): First, financial…