Stefano Battiston

University of Zurich - Department Finance

Professor

Plattenstrasse 32

Zürich, 8032

Switzerland

Ca Foscari University of Venice

Cannaregio 873

Venice, 30121

Italy

SCHOLARLY PAPERS

44

DOWNLOADS
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Top 2,661

in Total Papers Downloads

23,186

SSRN CITATIONS
Rank 2,827

SSRN RANKINGS

Top 2,827

in Total Papers Citations

429

CROSSREF CITATIONS

194

Scholarly Papers (44)

1.

Asset-level assessment of climate physical risk matters for adaptation finance

Number of pages: 46 Posted: 14 Apr 2022 Last Revised: 04 Nov 2023
WU Vienna University of Economics and Business, Utrecht University - School of Economics, Utrecht University and University of Zurich - Department Finance
Downloads 3,122 (7,434)
Citation 3

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Climate physical risks, spatial finance, plant-level impact, tail risk, investors’ losses, adaptation

2.

CLIMAFIN Handbook: Pricing Forward-Looking Climate Risks Under Uncertainty

Number of pages: 31 Posted: 08 Nov 2019
Stefano Battiston, Antoine Mandel and Irene Monasterolo
University of Zurich - Department Finance, Université Paris I Panthéon-SorbonneClimate Finance Alpha and Utrecht University
Downloads 2,420 (11,084)
Citation 13

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CLIMAFIN, forward-looking climate transition risk, climate deep uncertainty, financial contracts, financial pricing models, Climate Spread, Climate Value at Risk, Climate Stress-test

3.

The NACE – CPRS – IAM mapping: A tool to support climate risk analysis of financial portfolio using NGFS scenarios.

Number of pages: 24 Posted: 19 Oct 2022
University of Zurich - Department Finance, Utrecht University, International Institute for Applied Systems Analysis (IIASA) and Independent
Downloads 2,270 (12,295)

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Climate transition risk, climate finance, CPRS Granular, classification of economic activities, process-based IAM, NGFS scenarios

4.

The Climate Spread of Corporate and Sovereign Bonds

Number of pages: 33 Posted: 07 May 2019 Last Revised: 17 Sep 2020
Stefano Battiston and Irene Monasterolo
University of Zurich - Department Finance and Utrecht University
Downloads 2,245 (12,530)
Citation 6

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Climate transition risk, financial pricing models, deep uncertainty, sovereign bonds, climate spread, prudential regulation

5.

Climate Risk and Financial Stability in the Network of Banks and Investment Funds

Journal of Financial Stability, Forthcoming
Number of pages: 60 Posted: 08 Apr 2019 Last Revised: 29 Jan 2021
University of Zurich - Department of Banking and Finance, University of Zurich - Department Finance, Banco de Mexico and Bank of Mexico
Downloads 1,332 (27,998)
Citation 49

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financial stability, climate risk, sustainable finance, climate stress-test, low-carbon transition risk, 2°C opportunities

6.

The Price of Complexity in Financial Networks

Columbia Business School Research Paper No. 15-49
Number of pages: 28 Posted: 15 Apr 2015 Last Revised: 02 Nov 2015
University of Zurich - Department Finance, IMT Alti Studi Lucca, University of Oxford, Massachusetts Institute of Technology (MIT)KU Leuven - Faculty of Business and Economics (FEB) and Columbia University - Columbia Business School, Finance
Downloads 960 (44,855)
Citation 22

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financial markets, systemic risk, complex systems, computational social science

7.

Diversification and Financial Stability

CCSS Working Paper No. 11-001
Number of pages: 27 Posted: 05 Jul 2011
Paolo Tasca and Stefano Battiston
UCL Centre for Blockchain Technologies and University of Zurich - Department Finance
Downloads 921 (47,484)
Citation 12

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Systemic Risk, Financial Crisis, Diversification, Default Probability

8.

Climate Risks and Financial Stability

Number of pages: 13 Posted: 08 Feb 2021
Stefano Battiston, Yannis Dafermos and Irene Monasterolo
University of Zurich - Department Finance, SOAS University of London and Utrecht University
Downloads 904 (48,789)
Citation 27

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climate change, financial stability, climate policies, financial instruments, network models, stock-flow consistent models, agent based models, empirical finance.

9.

The Architecture of Power: Patterns of Disruption and Stability in the Global Ownership Network

Number of pages: 74 Posted: 15 Jan 2019 Last Revised: 26 Jan 2019
James Glattfelder and Stefano Battiston
Department of Banking and Finance, UZH and University of Zurich - Department Finance
Downloads 886 (50,129)
Citation 13

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ownership, control, shareholders, power, networks, complex networks, economic networks, complex systems, influence index, corporate governance

10.

On the Dependence of Investor’s Probability of Default on Climate Transition Scenarios

Number of pages: 25 Posted: 09 Mar 2021
Stefano Battiston and Irene Monasterolo
University of Zurich - Department Finance and Utrecht University
Downloads 867 (51,671)
Citation 8

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Climate transition risk, climate policy scenarios, probability of default, corporate bonds, Expected Shortfall, climate financial risk assessment, risk management

11.

Network Valuation in Financial Systems

Mathematical Finance, https://doi.org/10.1111/mafi.12272, 2020
Number of pages: 23 Posted: 16 Jun 2016 Last Revised: 02 Jun 2020
University of Zurich - Department Finance, Bank of England, University College London, University of Zurich, University of Zurich - Institute of Mathematics, IMT Alti Studi Lucca and University of Zurich - Department Finance
Downloads 642 (76,663)
Citation 48

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Financial networks, Contagion, Systemic risk, Credit risk, Mark-to-market losses

12.

Accounting for finance is key for climate mitigation pathways

Science, 28 May 2021.DOI: 10.1126/science.abf3877
Number of pages: 8 Posted: 08 Feb 2021 Last Revised: 25 May 2021
University of Zurich - Department Finance, Utrecht University, International Institute for Applied Systems Analysis (IIASA) and International Institute for Applied Systems Analysis (IIASA)
Downloads 517 (100,550)
Citation 18

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climate finance, financial risk, mitigation scenarios, energy technology, systemic risk, integrated climate financial risk assessment

13.

Interconnectedness as a Source of Uncertainty in Systemic Risk

Columbia Business School Research Paper No. 16-14
Number of pages: 32 Posted: 03 Feb 2016 Last Revised: 20 Feb 2016
Tarik Roukny, Tarik Roukny, Stefano Battiston and Joseph E. Stiglitz
Massachusetts Institute of Technology (MIT)KU Leuven - Faculty of Business and Economics (FEB), University of Zurich - Department Finance and Columbia University - Columbia Business School, Finance
Downloads 474 (111,737)
Citation 38

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Systemic Risk, Financial Networks, Uncertainty, Interconnectedness, Contagion

14.

Climate-Finance and Climate Transition Risk: An Assessment of China's Overseas Energy Investments Portfolio

Number of pages: 27 Posted: 18 Apr 2018
Irene Monasterolo, Jiani I. Zheng and Stefano Battiston
Utrecht University, University of Zurich - Department Finance and University of Zurich - Department Finance
Downloads 349 (158,491)
Citation 1

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Overseas Energy Fi nance, Climate Transition Risk, Climate Policy Scenarios, Climate Stress-Test, Climate VaR, Climate- Finance

15.

Rethinking Financial Contagion

Number of pages: 54 Posted: 30 Aug 2016
Gabriele Visentin, Stefano Battiston and Marco D'Errico
University of Zurich - Institute of Mathematics, University of Zurich - Department Finance and University of Zurich
Downloads 331 (167,856)
Citation 7

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Financial Network, Financial Contagion, Leverage Network, Loss Conservation, Loss Amplification, Eisenberg-Noe, DebtRank

16.

A Financial Macro-Network Approach to Climate Policy Evaluation

Number of pages: 57 Posted: 21 Nov 2017 Last Revised: 18 Apr 2018
Veronika Stolbova, Irene Monasterolo and Stefano Battiston
University of Zurich, Department of Banking and Finance, Utrecht University and University of Zurich - Department Finance
Downloads 326 (170,649)
Citation 9

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financial networks, feedback loops, climate policies, shock transmission channels, indirect effects, low-carbon transition

17.

Leveraging the Network: A Stress-Test Framework Based on DebtRank

Number of pages: 27 Posted: 27 Feb 2015 Last Revised: 23 Feb 2016
University of Zurich - Department Finance, IMT Alti Studi Lucca, University of Zurich and School of Public Policy, University College London
Downloads 293 (190,954)
Citation 37

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Systemic risk, financial networks, contagion, balance-sheets, stress-tests

18.

Reducing Climate Transition Risk in Central Banks’ Asset Purchasing Programs

Number of pages: 18 Posted: 12 Mar 2021
Giacomo Bressan, Irene Monasterolo and Stefano Battiston
WU Vienna University of Economics and Business, Utrecht University and University of Zurich - Department Finance
Downloads 288 (194,390)
Citation 1

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central banks, market neutrality, asset purchase, climate transition risk, corporate bonds, portfolio's climate exposure

19.

The Climate Target Gap Is Widening. Can We Close It by Including Climate Finance in SSPs?

Number of pages: 5 Posted: 05 Nov 2018 Last Revised: 06 Jun 2019
Stefano Battiston and Irene Monasterolo
University of Zurich - Department Finance and Utrecht University
Downloads 247 (226,757)
Citation 3

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Climate Finance, Climate Change, Socio-Economic Shared Pathways, Integrated Assessment Model, Climate Finance Risk Metrics

20.

Blended Finance Solutions For Scaling Up Sustainability Investments: Opportunities and Challenges

Number of pages: 39 Posted: 14 Feb 2022
Jiani I. Zheng, Stefano Battiston and Christophe Nuttall
University of Zurich - Department Finance, University of Zurich - Department Finance and Independent
Downloads 226 (247,149)

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blended finance, climate finance, subnational, sustainability projects, sustainable finance

21.
Downloads 216 (257,854)
Citation 15

How Does Risk Flow in the Credit Default Swap Market?

ECB Working Paper No. 2041
Number of pages: 42 Posted: 24 May 2017
University of Zurich, University of Zurich - Department Finance, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 160 (336,959)
Citation 6

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flow-of-risk, systemic risk, credit default swap, financial networks, network architecture

How Does Risk Flow in the Credit Default Swap Market?

ESRB: Working Paper Series No. 2016/33
Number of pages: 42 Posted: 05 Nov 2020
University of Zurich, University of Zurich - Department Finance, European Systemic Risk Board and European Central Bank (ECB)
Downloads 56 (682,630)
Citation 3

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flow-of-risk, systemic risk, credit default swap, financial networks, network architecture

22.

The Community Structure of the Global Corporate Network

Swiss Federal Institute of Technology Zurich
Number of pages: 19 Posted: 11 Jan 2013
Stefania Vitali and Stefano Battiston
Università Politecnica delle Marche - Faculty of Economics and University of Zurich - Department Finance
Downloads 210 (264,640)
Citation 32

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Ownership Networks, Community Analysis, Firm Localization, Financial Sector

23.

Vulnerable Yet Relevant: The Two Dimensions of Climate-Related Financial Disclosure

Number of pages: 10 Posted: 23 May 2017
Irene Monasterolo, Stefano Battiston, Anthony Janetos and Zoey Zheng
Utrecht University, University of Zurich - Department Finance, Boston University and Boston University
Downloads 205 (270,626)
Citation 12

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GHG exposure index, GHG holding index, market-based solutions, climate change, climate-risk disclosure

24.

Enabling or Hampering? Climate Risk and the Role of Finance in the Low-Carbon Transition

Number of pages: 6 Posted: 22 Feb 2021
University of Zurich - Department Finance, Utrecht University, International Institute for Applied Systems Analysis (IIASA), International Institute for Applied Systems Analysis (IIASA) and International Institute for Applied Systems Analysis (IIASA)
Downloads 194 (284,405)
Citation 2

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climate transition risk, carbon price, climate finance, climate economic models, disorderly transition scenarios.

The Importance of Compound Risk in the Nexus of Covid-19, Climate Change and Finance

Number of pages: 8 Posted: 07 Jan 2021
Utrecht University, University of Venice - Department of EconomicsCa Foscari University of Venice - Dipartimento di Economia and University of Zurich - Department Finance
Downloads 189 (290,744)
Citation 5

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COVID-19, climate change, financial interconnectedness, compound risk, loss amplification, resilience policies

The Importance of Compound Risk in the Nexus of COVID-19, Climate Change and Finance

Posted: 08 Jun 2020 Last Revised: 25 Jun 2020
Utrecht University, University of Venice - Department of EconomicsCa Foscari University of Venice - Dipartimento di Economia and University of Zurich - Department Finance

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pandemic, climate change, climate finance, financial risk, compound risk

26.

Over With Carbon? Investors’ Reaction to the Paris Agreement and the US Withdrawal

Number of pages: 63 Posted: 15 Sep 2022
Alessi Lucia, Stefano Battiston and Virmantas Kvedaras
Joint Research Center of the European Commission, University of Zurich - Department Finance and Joint Research Centre, European Commission
Downloads 186 (295,470)

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sustainable finance, climate finance, transition risk, Paris Agreement, securities holdings

27.

Reshaping the Financial Network: Value Redistribution and Externalities in Central Clearing

Number of pages: 72 Posted: 07 Jul 2019 Last Revised: 18 Jan 2021
Olga Briukhova, Marco D'Errico and Stefano Battiston
University of Zurich - Department of Banking and Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Department Finance
Downloads 180 (304,160)

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Central Clearing Counterparty (CCP), OTC derivatives, financial networks, systemic risk, market structure

28.

Climate Credit Risk and Corporate Valuation

Number of pages: 39 Posted: 03 Mar 2023 Last Revised: 11 Dec 2023
University of Zurich - Department Finance, Université Paris I Panthéon-SorbonneClimate Finance Alpha, Utrecht University and University of Zurich - Department of Banking and Finance
Downloads 178 (307,199)

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climate change; credit risk; bond; financial valuation; climate transition risk; climate scenarios

29.

Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk

NBER Working Paper No. w15611
Number of pages: 29 Posted: 11 Jan 2010 Last Revised: 27 Feb 2022
University of Zurich - Department Finance, Catholic University of Milan, Polytechnic University of Marche - Faculty of Economics, National Bureau of Economic Research (NBER) and Columbia University - Columbia Business School, Finance
Downloads 169 (321,383)
Citation 34

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30.

The Multiplex Network of EU Lobby Organizations

Number of pages: 21 Posted: 02 Mar 2015
An Zeng and Stefano Battiston
University of Zurich - Department Finance and University of Zurich - Department Finance
Downloads 165 (328,175)

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lobbies, networks, ownership networks, interlocked directors

31.

Interconnected Banks and Systemically Important Exposures

Number of pages: 51 Posted: 21 Nov 2019
University of Zurich - Department of Banking and Finance, University of Zurich - Department Finance, University of Zurich, Government of Canada - Bank of Canada and European Central Bank (ECB)
Downloads 161 (335,109)

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bank stress test, cross-border contagion channels, financial contagion, financial networks, financial stability, systemic risk

32.

A Network Analysis of the Evolution of the German Interbank Market

Bundesbank Discussion Paper No. 22/2014
Number of pages: 30 Posted: 21 Jun 2016
Tarik Roukny, Tarik Roukny and Stefano Battiston
Massachusetts Institute of Technology (MIT)KU Leuven - Faculty of Business and Economics (FEB) and University of Zurich - Department Finance
Downloads 160 (336,894)
Citation 1

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financial networks, interbank market, credit default swaps, liquidity

33.

Market Procyclicality and Systemic Risk

RC Working Paper No. 12-012
Number of pages: 31 Posted: 03 Nov 2012
Paolo Tasca and Stefano Battiston
UCL Centre for Blockchain Technologies and University of Zurich - Department Finance
Downloads 158 (340,433)
Citation 15

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Systemic risk, Procyclicality, Leverage, Network models

34.

Technological Greenness and Long-run Performance

Number of pages: 43 Posted: 01 Dec 2023 Last Revised: 26 Dec 2023
Stefano Battiston, Irene Monasterolo and Maurizio Montone
University of Zurich - Department Finance, Utrecht University and Utrecht University
Downloads 151 (353,580)
Citation 1

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Technological greenness; Climate finance; Long-run returns; Operating performance; Disclosure

35.

Collateral Unchained: Rehypothecation Networks, Concentration and Systemic Effects

SCIENCES PO OFCE WORKING PAPER n° 07, 2018/01/31
Number of pages: 39 Posted: 23 Feb 2018
Duc Thi Luu, Mauro Napoletano, Paolo Barucca and Stefano Battiston
University of Kiel- Faculty of Economics and Social Sciences, Université de Nice Sophia Antipolis - Groupe de Recherche en Droit, Economie et Gestion (GREDEG), University of Zurich - Department Finance and University of Zurich - Department Finance
Downloads 148 (359,274)
Citation 5

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Rehypothecation, Collateral, Repo Contracts, Networks, Liquidity, Collateral- Hoarding Effects, Systemic Risk.

Financial Fragility and Distress Propagation in a Network of Regions

Number of pages: 35 Posted: 29 Sep 2012
Stefania Vitali, Stefano Battiston and Mauro Gallegati
Università Politecnica delle Marche - Faculty of Economics, University of Zurich - Department Finance and Polytechnic University of Marche - Faculty of Economics
Downloads 95 (503,118)

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Networks, Financial Fragility, Contagion, Business Fluctuations, Bankruptcy, Financial Acceleration

Financial Fragility and Distress Propagation in a Network of Regions

ETH Risk Center – Working Paper No. 12-016
Number of pages: 37 Posted: 21 Dec 2012
Stefania Vitali, Stefano Battiston and Mauro Gallegati
Università Politecnica delle Marche - Faculty of Economics, University of Zurich - Department Finance and Polytechnic University of Marche - Faculty of Economics
Downloads 47 (740,234)
Citation 2

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Networks, Financial Fragility, Contagion, Business Fluctuations, Bankruptcy, Financial Acceleration

37.

Systemic Risk in a Unifying Framework for Cascading Processes on Networks

European Physical Journal B, Vol. 71, No. 4, pp. 441-460, 2009, CCSS Working Paper No. 09-011
Number of pages: 45 Posted: 27 Apr 2010
Jan Lorenz, Stefano Battiston and Frank Schweitzer
Jacobs University Bremen, University of Zurich - Department Finance and ETH Zürich
Downloads 138 (379,639)
Citation 2

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Networks, Economics Econophysics, Financial Markets, Business And Management, Dynamics of Social Systems, Structural Failure of Materials

38.

Default Ambiguity: Credit Default Swaps Create New Systemic Risks in Financial Networks

Management Science 66(5), 2020
Number of pages: 18 Posted: 05 Oct 2017 Last Revised: 16 Jan 2021
Steffen Schuldenzucker, Sven Seuken and Stefano Battiston
Goethe University Frankfurt, University of Zurich - Department of Informatics and University of Zurich - Department Finance
Downloads 133 (390,854)
Citation 5

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Financial Networks, Credit Default Swaps, Systemic Risk, Clearing Systems

39.

The Efficiency and Evolution of R&D Networks

CER-ETH - Center of Economic Research at ETH Zurich, Working Paper No. 08/95
Number of pages: 60 Posted: 23 Sep 2008
ETH Zürich, University of Zurich - Department Finance, ETH Zürich and Observatoire Français des Conjonctures Economiques (OFCE)
Downloads 122 (417,480)
Citation 1

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R&D networks, technology spillovers, network efficiency, network formation

40.

Default Cascades: When Does Risk Diversification Increase Stability?

ETH Risk Center Working Paper No. 11-006
Number of pages: 30 Posted: 21 Dec 2012
University of Zurich - Department Finance, Catholic University of Milan, Polytechnic University of Marche - Faculty of Economics, National Bureau of Economic Research (NBER) and Columbia University - Columbia Business School, Finance
Downloads 112 (444,883)
Citation 31

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Systemic risk, Network models, Contagion, Financial acceleration, Financial crises

41.

Social Intelligence Networks. A Novel Framework for On-Line Social Platforms.

Number of pages: 22 Posted: 07 Oct 2016
Stefano Battiston and Hamza Zeytinoglu
University of Zurich - Department Finance and Clarifix Limited UK
Downloads 106 (463,204)

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social networks, on-line social platforms, trust networks, knowledge sharing, public good game, social dilemma

42.

Credit Valuation Adjustment in Financial Networks

Number of pages: 31 Posted: 31 May 2023 Last Revised: 09 Jun 2023
Irena Barjasic, Stefano Battiston and Vinko Zlatic
University of Zagreb - Department of Physics, University of Zurich - Department Finance and Rudjer Boskovic Institute
Downloads 78 (562,979)

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Credit valuation adjustment, financial networks, financial stability, financial contagion, systemic risk

43.

Credit Default Swaps Drawup Networks: Too Tied to Be Stable?

ETH RC Working Paper No. 12-013
Number of pages: 40 Posted: 12 Jan 2013
Rahul Kaushik and Stefano Battiston
ETH Zürich and University of Zurich - Department Finance
Downloads 65 (621,902)
Citation 10

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Credit Default Swaps, epsilon drawups, interdependence, trend-reinforcement, network analysis, bow-tie structure, time series analysis

44.

A Climate Stress-Test of the Financial System

Battiston, S., Mandel, A., Monasterolo, I., Schütze, F., & Visentin, G. (2017). A Climate stress-test of the financial system. Nature Climate Change, 7(4), 283–288. https://doi.org/doi:10.1038/nclimate3255
Posted: 03 Feb 2016 Last Revised: 11 Sep 2020
University of Zurich - Department Finance, Université Paris I Panthéon-SorbonneClimate Finance Alpha, Utrecht University, DIW Berlin and University of Zurich - Institute of Mathematics

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climate stress-test, climate policy risk, decarbonization, stress-test, stranded assets, carbon risk, climate-sensitive sectors

Other Papers (1)

Total Downloads: 0
1.

Systemic Wrong-Way Risk in the COVID-19 Pandemic

Posted: 04 Oct 2021
Chiara Perillo, Stefano Battiston, Sumit Sourabh and Drona Kandhai
University of Zurich - Department of Banking and Finance, University of Zurich - Department Finance, University of Amsterdam and University of Amsterdam

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Wrong-way risk, Counterparty risk, Credit Valuation Adjustment, Pandemic, COVID-19, Financial networks, Credit Default Swaps, Systemic risk, Epsilon-drawups