---
title: State-dependent global banking systemic risk: An integrated framework of network connectedness, tail risk, and global financial conditions
url: https://www.ml-quant.com/papers/ssrn/7493706/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7493706
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7493706
featured: 2026-09-25
citations: unknown
topic: Risk, Credit & Banking
---


# State-dependent global banking systemic risk: An integrated framework of network connectedness, tail risk, and global financial conditions

Combining quantile-connectedness, tail-risk measures, and network analysis, the research shows tail connectedness exceeds median levels and lower-tail effects persist longer, with the VIX alone reliably predicting next-week systemic risk.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7493706
- Identifier: SSRN 7493706
- Released: 2026-09-20
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking
- Authors: Oguzhan Ozcelebi, Rim Khoury, Elhoussin Ouassou, Zhuhua Jiang, Mikhail Stolbov, Seong-Min Yoon

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