Search Results - subject_exact:"Financial instability"

Geopolitical risk and domestic bank deposits

Kapopoulos, Theodore; Anastasiou, Dimitris; Ongena, Steven - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426978

Credit rationing, its determinants and non-performing loans : an empirical analysis of credit markets in Polish banking sector

Tunçay, Cenap Mengü; Grzegorczyk-Akın, Elżbieta - 2025

In a situation where the number of non-performing loans (NPLs) increases, lenders may raise interest rates to compensate for potential losses, and the amount of credit granted in the market may decrease, leading to credit rationing. Such actions may become vital based on their potential...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015562165

Do remittances lead to financial instability? : evidence from selected Asia-Pacific countries

Akçay, Selçuk - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664888

FinTech and financial instability : is this time different?

Ioannou, Stefanos; Wójcik, Dariusz; Urban, Michael - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195180

In search of lost social finance : How do financial instability and inequality interact?

Gaies, Brahim - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015064325

On the resilience of cryptocurrencies : a quantile-frequency analysis of bitcoin and ethereum reactions in times of inflation and financial instability

Gaies, Brahim; Chaâbane, Najeh; Arfaoui, Nadia; Sahut, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055308

Literacy and financial education : private providers, public certification and political preferences

Guerini, Carolina; Masciandaro, Donato; Papini, Alessia - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014538990

Monetary policy, fragility, and fund flows

Fecht, Falko; Kellers, Moritz - 2026

We study how monetary policy is transmitted through the open-end investment fund (OEIF) sector and how this transmission depends on fund fragility. Using high-frequency identified ECB monetary policy surprises and daily share-class data on German-domiciled OEIFs from 2010 to 2023, we show that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015623924

Crisis narratives and judicial enforcement : evidence from the Greek fiscal crisis

Forestra, Alessandra; Megalokonomou, Rigissa; … - 2026

This paper investigates whether crisis narratives affect how the judiciary handles tax evasion. We study this question in the context of the Greek debt crisis, in which tax evasion was publicly blamed for the fiscal collapse, and judges themselves experienced substantial salary cuts as part of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624666

Financial deepening and fiscal capacity : new empirical evidence from the association of Southeast Asian nations

Tabash, Mosab I.; Farooq, Umar; El Refae, Ghaleb A.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625083

Riding the wave of fintech, broad money growth and population dynamics : exploring its impact on ASEAN bank stability

Shah, Syed Faisal; Mehmood, Waqas; Mahfuzur Rahman; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625383

The weakest link : sibling dynamics and bank failures in multi-bank holding companies

Ozdemir, Nilufer - 2026

This paper examines bank failures during the subprime mortgage crisis, emphasizing sibling dynamics within multi-bank holding companies (MBHCs). While traditional risk indicators effectively predict failures for one bank holding companies (OBHCs), they exhibit limited explanatory power for...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626070

Synthetic, but how much risk transfer?

Osberghaus, Alex; Schepens, Glenn - 2026

Banks use synthetic risk transfers (SRTs) to offload potential losses in their loan portfolios to non-bank investors while retaining the loans on their balance sheets. We investigate this trillion-euro market using transaction-level data from the euro area, the largest SRT market, and highlight...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626666

Safety switches : the macroeconomic consequences of time-varying asset safety

Foschi, Andrea - 2026

I develop a model-based definition of time-varying sovereign bond safety, and apply it empirically by constructing a news-based index, the FLY, that measures global safe-assets demand. The FLY captures flight-to-safety episodes, the savings glut, and natural interest rate declines. Estimated FLY...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626787

Global financial cycle, media coverage and currencies of emerging markets

Beckmann, Joscha; Agyapong, Joseph - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627112

Central bank communication on financial stability : a shadowed sibling? : the tale of Central Europe

Martin, Reiner; Mohácsi, Piroska Nagy; Evdokimova, Tatiana - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627248

Quantifying Minsky cycles

Ristolainen, Kim - 2026

We develop a novel sentiment measure derived from survey data to empirically vali date the Minsky-Kindleberger view on financial crises. Using survey data from multiple countries, we decompose beliefs into components explained by public information that are orthogonal to optimal machine beliefs,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595844

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Quantifying Minsky cycles

Ristolainen, Kim - 2026

Book / Working Paper

Detecting cyber fraud in banking transactions via machine learning techniques : implications for financial stability

Konsta, Lamprini; Dimitriou, Dimitrios; Papathanasiou, … - 2026

This study empirically investigates the performance of Elastic Machine Learning, an industrial, unsupervised anomaly detection tool, in the identification of fraudulent behavior in banking transactions. Using AI-generated datasets that were designed to simulate realistic banking environments,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628409

Corporate governance and bank risk before and after the global financial crisis : evidence from India

Banerjee, Gaurango; Shetty, Shekar - 2026

This study examines the impact of corporate governance on sustainability-related risk in Indian banks across crisis and post-crisis periods. Using data from 37 public and private banks between 2006 and 2018, it analyzes how board characteristics influence liquidity and solvency risk. Panel...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628516

Does digital finance foster financial stability? : empirical evidence from cross-country analysis

Siddik, Md. Nur Alam; Habibullah, Muzafar Shah; … - 2026

The World Bank asserts that reducing extreme poverty and achieving shared prosperity are both made possible through financial inclusion. Digital finance may enhance financial stability, thereby supporting more inclusive and sustainable economic growth. Despite its potential benefits, the link...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628582

Financial inclusion, FinTech, and banking stability in Asia and Pacific economies

Koirala, Niraj - 2026

This paper examines the interplay between financial inclusion and FinTech in shaping banking stability, with a focus on economies in the Asia and Pacific region. Using an unbalanced panel dataset from 21 economies from 2000 to 2021, the paper finds that financial inclusion enhances banking...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628623

The architecture of central bank transparency : accounting information and financial stability as structural pillars of Monetary Policy Transparency

Bhiri, Sana; BenMabrouk, Houda - 2026

This article offers a structural reappraisal of central bank Monetary Policy Transparency (MPT) by explicitly incorporating two dimensions that have long remained peripheral in the literature: Accounting Information Transparency (AIT) and Financial Stability Transparency (FST). Building on a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628630

The U.S. dollar as a dollar-channel proxy in gold return dynamics : evidence from 2000-2025

Sayegh, Rosette Ghossoub; Accary, Johnny - 2026

This study examines the determinants of gold returns over the period 2000-2025, a period marked by recurrent financial crises, geopolitical tensions, and major shifts in global monetary conditions. As gold represents both a strategic commodity and a key reserve asset, understanding the channels...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628650

The financial drivers of populism in Europe

Guiso, Luigi; Morelli, Massimo; Sonno, Tommaso; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015632128

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The financial drivers of populism in Europe

Guiso, Luigi; Morelli, Massimo; Sonno, Tommaso; … - 2025 - This version: June 13, 2025

Edition: This version: June 13, 2025

Book / Working Paper

The financial drivers of populism in Europe

Guiso, Luigi; Morelli, Massimo; Sonno, Tommaso; … - 2022

Book / Working Paper

The financial drivers of populism in Europe

Guiso, Luigi; Morelli, Massimo; Sonno, Tommaso; … - 2021

Book / Working Paper

Artificial intelligence and monetary policy : a framework and perspective on cyclical transmission, structural transition, and financial stability

Lenzu, Simone - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617229

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Artificial intelligence and monetary policy : a framework and perspective on cyclical transmission, structural transition, and financial stability

Lenzu, Simone - 2026

Book / Working Paper

IMF austerity in practice : lessons from Argentina and implications for Lebanon's economic recovery

Accary, Johnny; Mrad, Jessica Abou; Fayad, Nour Mohamad - 2026

This paper provides a comparative analysis of the economic crises in Argentina and Lebanon to derive policy-relevant lessons for the design of IMF-supported adjustment programs in fragile economies. Using a structured comparative case study approach, the study examines crisis dynamics, policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633908

Dynamics of the approach to enterprise risk management in the context of economic growth and global crises

Hudáková, Mária; Kuricová, Alena; Masár, Matej - 2026

The primary objective of this research is to identify, analyse, and compare the development of risk management approaches adopted by Slovak industrial enterprises in two distinct economic periods: during a phase of economic growth (2019) and during a period of global crises and regional crises...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633941

A public-private partnership? : central bank funding and credit supply

Chavaz, Matthieu; Elliott, David; Monroe, Win - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613835

Haiti Rapid Crisis Impact Assessment

2026

After having several multidimensional crises affect Haiti for years, the country is at a critical juncture. Recognizing that tangible economic, social, and institutional recovery must accompany progress in the political transition, the government of Haiti launched the Rapid Crisis Impact...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613948

Financial leverage, political connection, profitability and firm value during global crisis era : a moderated mediation analysis

Sari, A.A. Pt. Agung Mirah Purnama; Tjahjadi, Bambang - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614139

Systemic risk transmission in commodity markets

Georgescu, Irina - 2026

This paper investigates tail-risk transmission and asymmetric dependence in commodity markets using an asymmetric fuzzy vine copula framework applied to gold, crude oil, natural gas, and silver from 1 January 2015 to 1 January 2025, extracted from Yahoo Finance. Bootstrap-based trapezoidal fuzzy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614141

Artificial intelligence : friend, foe, fraud

Wray, L. Randall - 2026

The over-hyped Dot.com revolution bubbled and crashed at the end of the 1990s, leaving a largely unused physical and virtual infrastructure that eventually supported the rise of social media that did-indeed-transform life. Not necessarily in a good way. As Robert Gordon famously claimed, you can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614175

Financial stability under climate stress : empirical evidence from Namibia

Kaune, Jaungura; Esterhuizen, Andy; Undji, Valdemar J. - 2026

Climate change has emerged as one of the defining risks in recent years. These risks are associated with economic losses and, ultimately, the stability of the financial system. This study examines the impact of climate change on financial stability in Namibia using quarterly data spanning from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614178

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Financial stability under climate stress : empirical evidence from Namibia

Kaune, Jaungura; Esterhuizen, Andy; Undji, Valdemar - 2025

Book / Working Paper

Managing the components of working capital in terms of economic recession : a synergistic effect on the financial and economic standing of a company

Iershova, Natalia Y.; Portna, Oksana V.; Mahdysiuk, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614233

Disasters, ambiguity, and crash betas

Meyerheim, Gerrit - 2026 - Original Version: October 2025, This Version: March 2026

This paper develops a tractable consumption-based asset-pricing model in an i.i.d. economy that combines rare consumption disasters with ambiguity aversion implemented as a one-period entropic tilt under CRRA utility. Closed-form expressions for the risk-free rate, equity return moments, and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614347

The credit gap as a real-time early warning indicator of financial imbalances : a South African perspective

Msiska, Wongani; Sikhosana, Ayanda; Vermeulen, Cobus - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615329

Sukuk, financial crises and growth : empirical evidence from Islamic capital markets

Naz, Syeda Arooj; Gulzar, Saqib; Hassan, M. Kabir - 2026

This paper analyses the role of Sukuk issuance in driving economic growth amid the Global Financial Crisis (2007-2009), considering both short-term fluctuations and long-term outcomes during periods of financial distress.Using the Pooled Mean Group (PMG) approach of the ARDL model, the study...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616427

Roles of banks in times of crisis : more regulation or moral capital?

Ilesanmi, Kehinde Damilola; Tewari, Devi D. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617287

Repo market networks : dynamics under financial stress

Schöller, Vanessa - 2026

The smooth functioning of the repo market is essential to financial stability. However, the market has faced repeated episodes of stress in recent years. This paper examines the resilience of the euro-denominated repo market during recent episodes of elevated financial stress, drawing on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618106

Who to regulate? : Identifying actors within DeFi's governance

Born, Alexandra; Gati, Zakaria; Lambert, Claudia; … - 2026

Decentralised Finance (DeFi) emerged in 2021 as a fast-growing crypto segment, attracting policymakers' attention due to its innovative approach of delivering financial services without relying on centralised intermediaries. This paper assesses DeFi governance arrangements for regulating and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618124

Tourism demand forecasting in normal and crisis times : combining bootstrap-aggregating and bayesian approaches

Liu, Xinyang; Liu, Anyu; Chen, Jason Li; Li, Gang; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604461

Debt imperialism : from financial hegemony to the chaos of semi-peripheries

Brunazzi, Gianmaria; Re, Cristina - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604706

Disentangling the "shadow banking" metaphor

Labat Moles, Héctor - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604801

A simple prudential-effort foundation for the financial trilemma

Nolan, Charles - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604813

Money demand by non-financial corporations

Nocciola, Luca - 2026

We document empirically the money demand by European non-financial corporations by exploiting a unique and brand-new survey on their cash usage in a stress period. We also assess: (i) the relation between cash held and firm size; and (ii) estimate point values of cash holdings and carry out...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605058

How do macroprudential measures affect mortgage lending standards? : evidence from the ECB's Bank Lending Survey

Behn, Markus; Lo Duca, Marco; Perales, Cristian - 2026

Using information from the ECB's Bank Lending Survey, we examine how the implementation of borrower-based macroprudential measures (BBMs) between 2009-Q1 and 2023-Q3 affected mortgage lending standards in a sample of 15 euro area countries. We find that banks generally tightened credit standards...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606391

Looser, tighter, clearer : a new Financial Conditions Index for the euro area

Bletzinger, Tilman; Martorana, Giulia; Mistak, Jakub - 2026

Financial Conditions Indices (FCIs) are a widely used tool for assessing the broader monetary policy stance beyond the central bank's direct control. This paper presents a novel vector autoregressive (VAR) model that includes key macroeconomic variables and maps financial variables into a single...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606834

Stabilizing credit when nonperforming loans surge : the role of asset management companies

Martin, Reiner; O'Brien, Edward J.; Peiris, Udara; … - 2026

When default losses elevate borrowing costs, expanding credit cannot stabilize the economy because default rates feed back to lending rates through bank balance sheets. Asset management companies (AMCs) break this loop by purchasing nonperforming loans at their long-run recovery values, thereby...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606839

Pushing the limit : how borrowers tackle an LTV cap

Coulier, Lara; De Schryder, Selien; Van Den Heuvel, Milan; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608779

The resilience of banks' exposure to the commercial real estate market in Slovenia

Ćirjaković, Jelena - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608986