The engendering of systemic risk through contagion from stressed firms continues to be of great scholarly interest. While the contribution to systemic risk of enforcement actions against firms in the financial industry, for instance, has received much recent attention, the systemic risk to economies of attacks to firms in energy industries has been much less examined. We assess the impact of the recent Colonial Pipeline ransomware attack on energy commodity prices, evidencing considerable price reactions and destabilising volatility. Results highlight a need for policymakers to conceptualise ‘systemically important energy companies’.

中文翻译：

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大宗商品市场面临能源公司困境：来自 Colonial Pipeline 勒索软件攻击的证据

通过受压力的公司传染而产生的系统性风险仍然具有很大的学术兴趣。例如，虽然针对金融行业公司的执法行动对系统性风险的贡献最近受到了很多关注，但对能源行业公司的攻击对经济的系统性风险却很少受到研究。我们评估了最近 Colonial Pipeline 勒索软件攻击对能源商品价格的影响，证明了相当大的价格反应和不稳定的波动。结果强调了政策制定者需要将“具有系统重要性的能源公司”概念化。