Exploring the territorial politics of welfare / Luis Morena and Nicola McEwen -- Devolution and the preservation of the United Kingdom welfare state / Nicola McEwen and Richard Parry -- Welfare management in the German federal system : the emergence of welfare regions? / Jörg Mathias --...

Nyholm (2002, 2003) [J. of Financial Research, 25, pp. 485; J. of Applied Econometrics, 18, pp. 457] has proposed a new procedure to infer the probability of informed negotiation on a trade-to-trade basis through a regime-switching model. We provide further empirical evidence about the performance...

To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures the asymmetric response of the banking system to...