Interconnectedness and Systemic Risk

Since the Global Financial Crisis, the Associate Researchers of IGF have published quite a nuumber of influencial research works on gloal systemic risk. The IGF has published some of the major research studies  as part of a special issue of the Journal of Banking and Finance. The Co-Editors of this work are Luci Ellis, Head of Financial Stability at the Reserve Bank of Australia, Claudio Borio, Head of Research of the BIS and Bruce Arnold, Acting Head of Research at APRA. The contributors to this publication included researchers from the following financial institutions: the Bank for International Settlements, the Reserve Bank of Australia, the Bank of Italy, the Royal Bank of Scotland, the International Monetary Fund and the De Nederlandsche Bank. There have been further studies and research work in this area, in colloboration with NYU Institute of Valatility and Risk as well as some eminents scholars. The recent banking crisis for mid-size banks in the US including the collapse of Silican Valley Bank have led to some major media interviews of the IGF senior researchers as well as a major book that was published by the NYU Stern Business School, as listed below. 

2023 Selected Research Work

Viral Acharya, M. Richardson, K., Schoenhaltz and B. Tuckman, (2023) SVB and Beyond: The Banking Stress of 2023.

Buckley, R. P., Didenko, A. N., & Trzecinski, M. (2023), Blockchain and its Applications: A Conceptual Legal Primer, Journal of International Economic Law. 

Buckley, R. P., & Trzecinski, M. (2023). Central Bank Digital Currencies and the global financial system: The dollar dethroned?. Capital Markets Law Journal, 18(2), 137-171. doi:10.1093/cmlj/kmad007 

Buckley, R. P., Didenko, A. N., & Trzecinski, M. (2023). Blockchain and its Applications: A Conceptual Legal Primer. Journal of International Economic Law, 26(2), 363-383. doi:10.1093/jiel/jgad010 

Woxholth, J., Zetzsche, D. A., Buckley, R. P., & Arner, D. W. (2023). Competing claims to crypto-assets. Uniform Law Review, 28(2), 226-246.  

2022 Selected Research Work

Buckley, R. P., Jevglevskaja, N., & Farrell, S. (2022), Australia's Data-Sharing Regime: Six Lessons  for Europe, King's Law Journal, 33(1), pp. 61-91. 

 Didenko, A. N., & Buckley, R. P. (2022), Central bank digital currencies as a potential response to some particularly Pacific problems, Asia Pacific Law Review, 30(1), pp. 44-69. 

Jevglevskaja, N., & Buckley, R. P. (2022), The Consumer Data Right: How to Realise This World-Leading Reform, University of New South Wales Law Journal, 45(4), pp. 1589-1622. 

2021 Selected Research Work

Gao, J., & Jang, Y. (2021), What Drives Global Lending Syndication? Effects of Cross-Country Capital Regulation Gaps, Review of Finance, 25(2), pp. 519-559.  

Liu, H., Tang, Q., & Yuan, Z. (2021), Indifference pricing of insurance-linked securities in a multi- period model, European Journal of Operational Research, 289(2), pp. 793-805.  

Lo, A., Tang, Q., & Tang, Z. (2021), Universally Marketable Insurance under Multivariate Mixtures, ASTIN Bulletin, 51(1), pp. 221-243.  

Zetzsche, D. A., Annunziata, F., Arner, D. W., & Buckley, R. P. (2021), The Markets in Crypto- Assets regulation (MiCA) and the EU digital finance strategy, Capital Markets Law Journal, 16(2), pp. 203-225.  

Zetzsche, D. A., Buckley, R. P., & Arner, D. W. (2021), Regulating Libra, Oxford Journal of Legal Studies, 41(1), pp. 80-113.  

2020 Selected Research Work

Arner, D. W., Buckley, R. P., Zetzsche, D. A., & Veidt, R. (2020), Sustainability, FinTech and Financial Inclusion, European Business Organization Law Review, 21(1), pp. 7-35.  

Arner, D. W., Zetzsche, D. A., Buckley, R., & Weber, R. H. (2020), The Future of Data-Driven Finance and RegTech: Lessons from EU Big Bang II, Stanford Journal of Law, Business and Finance, 25(2), pp. 245-288.  

Arner, D. W., Buckley, R. P., Zetzsche, D. A., & Didenko, A. (2020), After Libra, Digital Yuan and COVID-19: Central Bank Digital Currencies and the New World of Money and Payment Systems, SSRN Electronic Journal.  

Buckley, R. P., Arner, D. W., Zetzsche, D. A., & Gibson, E. C. (2020), Building Australia's Fintech Ecosystem: Innovation Hubs for a Competitive Advantage, Journal of Banking and Finance Law and Practice, 31(2), pp. 133-140.  

Buckley, R. P., Arner, D. W., Zetzsche, D. A., & Selga, E. K. (2020), Techrisk, Singapore Journal of Legal Studies, 2020(1), pp. 35-62.  

Buckley, R., Arner, D., Veidt, R., & Zetzsche, D. (2020), Building FinTech Ecosystems: Regulatory Sandboxes, Innovation Hubs and Beyond, Washington University Journal of Law & Policy, 61, pp. 55-98.  

Zetzsche, D. A., Arner, D. W., & Buckley, R. P. (2020), Decentralized finance, Journal of Financial Regulation, 6(2), pp. 172-203.  

Zetzsche, D. A., Birdthistle, W. A., Arner, D. W., & Buckley, R. P. (2020), Digital Finance Platforms: Toward a New Regulatory Paradigm.  

Zetzsche, D., Arner, D., Buckley, R., & Weber, R. H. (2020), The Evolution and Future of Data- Driven Finance in the E.U., Common Market Law Review, 57, pp. 331-360.  

Evolution of International Stock and Bond Market Integration: Influence of the European Monetary Union (2018)
Kim SJ, Moshirian F, Wu E, In World Scientific Studies in International Economics. 64: 391-428. World Scientific Publishing, Singapore 2018
Dynamic Stock Market Integration Driven by the European Monetary Union: An Empirical Analysis (2018)
Kim SJ, Moshirian F, Wu E, In World Scientific Studies in International Economics. 64: 305-368 (64 pages). World Scientific Publishing, Singapore 2018
Investor Protection and the Value Impact of Stock Liquidity (2018)
Tao Huang, Fei Wu, Jing Yu and Bohui Zhang (2018), Journal of International Business Studies, forthcoming.
Googling Investor Sentiment around the World (2018)
Zhenyu Gao, Haohan Ren and Bohui Zhang (2018), Journal of Financial Quantitative and Analysis, forthcoming.
Tracing out capital flows: How financially integrated banks respond to natural disasters (2017)
Cortés KR; Strahan PE, 2017, Journal of Financial Economics, vol. 125, pp. 182 - 199
Cross-Sided Liquidity Externalities (2017)
Tham WW; sojli E; Skjeltorp J, 2017, Management Science, vol. 64, pp. 2901 - 2929
Dynamic stock market integration driven by the european monetary union: An empirical analysis (2017)
Kim SJ, Moshirian F, Wu E, In Information Spillovers And Market Integration In International Finance: Empirical Analyses. 305-368. 24 Nov 2017
Evolution of international stock and bond market integration: Influence of the European monetary union (2017)
Kim SJ, Moshirian F, Wu E, In Information Spillovers And Market Integration In International Finance: Empirical Analyses. 391-428. 24 Nov 2017
Foreign political connections (2017)
Sojli E; Tham WW, 2017, Journal of International Business Studies, vol. 48, pp. 244 - 266
Systemic Risk in Europe (2014)
Engle, R., Jondeau, E. and M. Rockinger, the Review of Finance, 19 (1), 145-190

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