IRMC 2021, Cagliari, Italy

IRMC Publications


Special Issue of Journal of Credit Risk
Editors-in-chief: Michael Gordy and Linda Allen 

Special Issue of Journal of Financial Management, Markets and Institutions
Editor-in-chief: Santiago Carbo-Valverde
Guest editors: Vincenzo Capizzi (University of Piemonte Orientale) and Francesca Arnaboldi (University of Milan)


Special Issue on Journal of International Financial Management & Accounting
Editors-in-chief: Richard Levich and Sidney Gray

Selected papers on Journal of International Financial Markets, Institutions & Money
Editor-in-chief: Jonathan Batten

Selected papers on Journal of Derivatives
Editor-in-chief: Stephen Figlewski


Special Issue on Journal of Financial Management, Markets and Institutions
Editor-in-chief: Santiago Carbo-Valverde
Co-editor: Paolo Mottura
Guest editors: Giampaolo Gabbi and Oliviero Roggi

Special Issue on Journal of Credit Risk
Editors-in-chief: Ashish Dev and Michael Gordy
Guest editors: Edward I. Altman and Herbert A. Rijken

Published selected papers:
December 2018, JCR (online)

Edward I. Altman: A fifty-year retrospective on credit risk models, the Altman Z-score family of models and their applications to financial markets and managerial strategies
Cornelius Kurtz, Eva Lutkebohmert, Julian Sester: Calculating capital charges for sector concentration risk
Rafael F. Schiozer, Frederico A. Mourad, Ramon S. Vilarins: Bank risk, bank bailouts and sovereign capacity during a financial crisis: a cross-country analysis
Robert Engle (Nobel Laureate) and Cristiano Zazzara: Systemic risk in the financial system: capital shortfalls under Brexit, the US elections and the Italian referendum

Selected papers on Journal of Financial Stability
Editor-in-chief: Iftekhar Hasan


Special Issue on Quarterly Journal of Finance Vol.8, n.4.
Editors: Jean Helwege and Fernando Zapatero
Guest editors: Dan Galai and Zvi Wiener

Published selected papers:

Stefano Miani, Josanco Floreani, Andrea Paltrinieri: Do Capital Adequacy and Credit Quality Affect Systematic Risk? Investigation of a Sample of European Listed Banks in Light of EBA Stress Tests Bonds
Fabrizio Cipollini, Alessandro Giannozzi, Fiammetta Menchetti, Oliviero Roggi: Financial Companies’ Failures: Early Warning Information from Systematic and Systemic Risk Measures
Yevgeny Mugerman, Joseph Tzur, Arie Jacobi: Mortgage Loans and Bank Risk Taking: Finding the Risk “Sweet Spot”


Special Issue of Review of Finance published in 2017, Vol. 21, Issue 1.
Editor: Franklin Allen
Guest editor: Menachem Brenner

Published selected papers:

Franco Fiordelisi, Ornella Ricci: “Whatever it takes”: An Empirical Assessment of the Value of Policy Actions in Banking
Mikhail V. Oet, Kalle Lyytinen: Does Financial Stability Matter to the Fed in Setting US Monetary Policy?
Egon A. Kalotay, Edward I. Altman: Intertemporal Forecasts of Defaulted Bond Recoveries and Portfolio Losses


Special Issue of Financial Markets Institutions and Instruments
Guest editors: Oliviero Roggi, Riccardo De Lisa and Francesca Campolongo

Published Book

“Managing and Measuring Risk. Emerging Global Standards and Regulation after the Financial Crisis”
Editors: Oliviero Roggi and Edward Altman

The IRMC 2008-2012 Keynotes Commemorative Book presents the most recent achievements in risk measurement and management, as well as regulation of the financial industry, with contributions from prominent scholars and practitioners such as Robert Engle, 2003 Nobel Laureate in Economics, Viral Acharya, Torben Andersen, Zvi Bodie, Menachem Brenner, Aswath Damodaran, Marti Subrahmanyam, William Ziemba and others. The book provides a comprehensive overview of recent emerging standards in risk management from an interdisciplinary perspective. Individual chapters expound on the theme of standards setting in this era of financial crises where new and unseen global risks have emerged. The chapters are organized to allow the reader with a broad perspective of the new emerging standards in macro, systemic and sovereign risk before zooming into the micro perspective of how risk is conceived and treated within a corporation. A section is dedicated to credit risk and to the increased importance of liquidity both in financial systems and at the firm’s level.