This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and robust evidence that policy uncertainty is...

This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and robust evidence that policy uncertainty is...

Using textual analysis techniques, we construct the unique bank-level media sentiment index in China with the data of news narratives to examine its driving effect on bank systemic risk with a distinction between systemic linkage and bank tail risk. We find consistent and robust evidence that...