https://smsjournals.com/index.php/Adhyayan/issue/feed 2026-02-24T12:25:19+00:00 Dr. Ashish Bhatnagar director@smslucknow.ac.in Open Journal Systems <p>It is a matter of pride and honor to introduce this special volume of ADHYAYAN − The Journal of Management Sciences, Lucknow. This peer-reviewed issue of the Journal incorporates a congregation of various research papers on the theme of the conference on Management. The journal is indexed with EBSCO, Ulrichs-Web, J-Gate, PKP Index, and Cross-ref. Now the journal is also available online with individual DOIs of all articles and research papers. The Journal 'Adhyayan' is also listed in the Journal Association of India.<br>The authors are a mix of various well-known institutes and universities of the country. I am sure the journal will serve as a valuable addition to the management literature and prove valuable reference material. I would also like to place on record my sincere thanks to all the editorial and advisory board members for their unrelenting support to Adhyayan. I also sincerely thank the appreciable efforts of the editorial team members for helping to bring out this journal issue.<br>I am also grateful to the reviewers for providing their comments and suggestions. Our sincere appreciation goes to all the authors for their contribution and the readers' incessant support.<br>We look forward to your comments on this issue and suggestions on matters concerning the Journal.</p> <hr> <div class="col-12 col-md-3"><img src="/public/site/images/smsadmin/front15.1_page-0001_.jpg" width="162" height="209"></div> <div class="col-6 col-md-9"><strong> Adhyayan: A JOURNAL OF MANAGEMENT SCIENCES <br>(A Peer Reviewed Refereed Journal)</strong> <br><strong> Publisher:</strong> School of Management Sciences, Lucknow <br><strong> Editors-In-Chief: </strong>Prof. Ashish Bhatnagar <br><strong>No. of Issues Per Year:</strong> 2 | <strong>Frequency:</strong> Bi-annual <br><strong> Print ISSN:</strong> 2249-1066, E-ISSN - 2455-8656<br><strong> Indexed with: </strong>Crossref, EBSCO and Ulrich's, J Gate, PKP Index, Google Scholar.<hr></div> https://smsjournals.com/index.php/Adhyayan/article/view/3467 2026-02-24T12:25:19+00:00 Sidney Eddia Njenge sidneyeddia@gmail.com

<p>The issue of systemic risk in financial systems has become a major issue of concern among the regulators, policymakers, and market participants, especially after events of financial turmoil. The complex interdependencies of financial institutions, firms and assets are not effectively considered by traditional risk assessment techniques, which limits their predictive ability. This paper explores measurement of systemic risk using financial model networks with focus on the contribution of interbank relationships, multiple layer interactions and market-based contagion effects. The study has a broad framework in measuring systemic risk by combining network topology metrics, simulation-based and market-based measures like CoVaR and MES. The empirical study indicates the relevance of centrality, the potential of contagion, and cross-layer interactions in identifying the systemically important institutions. The results highlight the usefulness of network-based methods in the context of early warning systems, stress testing, and policy formation, and provide recommendations on future studies in the field of multi-layer and AI-enhanced systemic risk modeling.</p>

2026-02-24T00:00:00+00:00 ##submission.copyrightStatement##