Measuring daily systemic risk with intraday data: Evidence from foreign exchange market

Key Points

• Measured systemic risk shows potential fluctuations within foreign exchange market movements, emphasizing its importance.
• Key findings reveal correlations between intraday data and volatility, with specific metrics defining risks observed.
• Analysis of intraday data focuses on market indicators to provide insights into risk levels, revealing crucial dynamics.
• Highlights the necessity for ongoing monitoring of systemic risk in financial markets for enhanced stability.