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Surfing through the GFC: Systemic risk in Australia


Dungey, M and Matei, M and Luciani, M and Veredas, D, Surfing through the GFC: Systemic risk in Australia, The Economic Record, 93, (300) pp. 1-188. ISSN 0013-0249 (2017) [Refereed Article]

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DOI: doi:10.1111/1475-4932.12309


We provide empirical evidence on the degree of systemic risk in Australia before, during and after the global financial crisis. We calculate a daily index of systemic risk from 2004 to 2013 in order to understand how real economy firms influence the outcomes for the rest of the economy. This is done via a mapping of the interconnectedness of the financial and non-financial sectors. The financial sector is in general home to the most consistently systemically risky firms in the economy. The materials sector occasionally becomes as systemically risky as the financial sector, reflecting the importance of understanding these linkages.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied economics
Research Field:Financial economics
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Monetary policy
UTAS Author:Dungey, M (Professor Mardi Dungey)
UTAS Author:Matei, M (Dr Marius Matei)
ID Code:112213
Year Published:2017
Web of Science® Times Cited:12
Deposited By:TSBE
Deposited On:2016-10-31
Last Modified:2023-03-24

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