This study examines the role of financial services in Malaysia's economy through a two-stage methodological framework. The first stage applies demand- and supply-driven input-output (IO) analysis to derive four indices: influence effect, induction effect, production-inducing effect, and...

We study the interconnection between the productivity and pricing effects of financial shocks. Combining administrative records on firm-level output prices and quantities with quasi-experimental variation in credit supply, we show that a tightening of credit conditions has a persistent, yet...

Chapter 1: Why Pay Attention to Financial Social Media? -- Chapter 2: A Variety of Financial Social Media -- Chapter 3: About Financial Social Media Posters -- Chapter 4: Why Do People Post Messages on Financial social media? -- Chapter 5: Modelling the Value of a Financial Social Media --...

Chapter 1. Financial Institutions and Fragility -- Chapter 2. Financial Shocks: Genesis and Identification -- Chapter 3. Financial Crises: Types, Causes, Overcoming -- Chapter 4. Financial Stability and Financial Soundness Indicators -- Chapter 5. Macroprudential Regulation -- Chapter 6. The...

The rapid growth of stablecoins has introduced novel forms of systemic risk to the global financial system, fundamentally challenging traditional notions of financial stability. This perspective paper examines the conditions under which stablecoins may become “too big to fail” and analyzes...

Stablecoins represent a defining innovation in twenty-first-century finance. Their market capitalisation, which peaked above USD 180 billion in 2022, continues to hover around USD 150–160 billion. These instruments now sit at the intersection of technology, money, and systemic risk. While...