Can Cyber Risk Affect Financial Stability?

Claudiu Ioan Negrea ()
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Claudiu Ioan Negrea: “Costin C. Kirițescu†National Institute of Economic Research, Bucharest, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 1, 368-376

Abstract: This paper addresses cyber risk as a risk that may affect financial stability. Based on the conceptual framework of cyber risk, I’ve highlighted a number of research papers and reports issued by regulators and supervisors that assess cyber risk in terms of its potential to affect financial stability. In the paper, I described a cyber risk scenario that could, in certain circumstances, become a systemic risk.

Keywords: Cyber risk; systemic risk; financial stability; financial market infrastructures; payment systems (search for similar items in EconPapers)
JEL-codes: E50 E58 E59 E71 G28 G41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:368-376

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