no code implementations • 4 May 2023 • Zlata Tabachová, Christian Diem, András Borsos, Csaba Burger, Stefan Thurner
Within a multi-layer network framework we define a financial systemic risk index (FSRI) for every firm, quantifying these expected financial losses caused by its own- and all the secondary defaulting loans caused by supply chain network (SCN) shock propagation.
no code implementations • 22 Feb 2023 • Christian Diem, András Borsos, Tobias Reisch, János Kertész, Stefan Thurner
Using a nearly complete nationwide FPN, containing 243, 399 Hungarian firms with 1, 104, 141 supplier-buyer-relations we self-consistently compare production losses on the aggregated industry-level production network (IPN) and the granular FPN.
no code implementations • 17 Feb 2023 • Johannes Stangl, András Borsos, Christian Diem, Tobias Reisch, Stefan Thurner
We determined that for an emissions reduction of 20%, the most effective strategy leads to losses of about 2% of jobs and 2% of economic output.
no code implementations • 15 Apr 2021 • Christian Diem, András Borsos, Tobias Reisch, János Kertész, Stefan Thurner
While knowing the impact of individual companies on national economies is a prerequisite for efficient risk management, the quantitative assessment of the involved economic systemic risks (ESR) is hitherto practically non-existent, mainly because of a lack of fine-grained data in combination with coherent methods.