Search Results - subject_exact:"Finanzmarktkrise"

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

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

Persistent link: https://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://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://ebvufind01.dmz1.zbw.eu/10015618124

Evaluation and prediction of stock market crash risk in Mexico using log-periodic power-law modeling

Sunil, Suryansh; Goyal, Amit Kumar; Mahadeva, Rajesh; … - 2026

This study applies the Log-Periodic Power-Law (LPPL) framework to three major equity markets-Mexico (IPC), Brazil (IBOVESPA), and the United States (NYSE Composite)-using daily closes from 8 November 1991-30 January 2025 for IPC and NYSE, and 3 May 1993-30 January 2025 for IBOVESPA. Multi-window...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611246

Money manager capitalism and the growth and spread of Ponzi finance, private market version

Tymoigne, Éric - 2026

Private debt and equity markets have been a funding source for nascent and credit constrained businesses for several decades. Following the 2008 financial crisis, an economic environment characterized by low interest rates, cautious banks, and tighter financial regulations - together with money...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654677

Deep hybrid CNN-LSTM-GRU model for a financial risk early warning system

Muhammad Ali Chohan; Li, Teng; Abrar, Mohammad; … - 2026

Financial risk early warning systems are essential for proactive risk management in volatile markets, particularly for emerging economies such as China. This study develops a hybrid deep learning model integrating Convolutional Neural Networks (CNNs), Long Short-Term Memory (LSTM), and Gated...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611314

Smog, not lights : tracking Bolivia's 2024-2026 recession from space

Hernani-Limarino, Werner; Eid, Ahmed - 2026

Nighttime lights are the standard satellite proxy for economic activity, but they fail to detect recessions. On a 2020-2024 panel of nine Bolivian departments, VIIRS lights match the sign of PIB growth 78 percent of the time during expansions but only 39 percent during contractions - worse than...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654701

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://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://ebvufind01.dmz1.zbw.eu/10015614141

Pushing the limit : how borrowers tackle an LTV cap

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608779

Same shock, separate channels : house prices and firm performance in the Great Recession

Blackwood, G. Jacob - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609674

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://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://ebvufind01.dmz1.zbw.eu/10015614233

The U.S. multinational advantage during the 2008-2009 financial crisis : the role of services trade

Kamal, Fariha; Kroff, Zachary - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609688

Regulatory responses to the financial stability implications of stablecoins

Bindseil, Ulrich - 2026 - Final version: 11 February 2026

In essence, the currently large stablecoins are electronic money issued by narrow balance sheet vehicles into a distributed ledger (or a "programmable platform"). Many believe that they will have significant success as a new form of money. Members of the current US administration expect that US...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610715

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://ebvufind01.dmz1.zbw.eu/10015616427

Sovereign debt dynamics at the brink of default and the special role of supranational lenders

Zwart, Sanne - 2026

Compared with the relatively straightforward definition of a default event, assessing sovereign debt sustainability remains a grey area. The interaction between fiscal choices, lenders' expectations and economic uncertainty creates a setting in which-particularly when a default...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610720

Has IPO market structure fundamentally changed? : evidence from negative binomial regression with structural breaks

Herley, Michael D. - 2026

This paper introduces Bai-Perron structural break detection combined with negative binomial regression to model overdispersed U.S. IPO count data. Using monthly data from 1995 to 2024, we identify five breaks that partition IPO activity into six distinct regimes, each with fundamentally...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591143

Lender of Last Resort and financial systemic risks in times of economic stability : evidence from 55 countries

Miao, Wenlong; Ma, Yuxian; Huo, Yuanyuan - 2026

As a cornerstone of the modern financial safety net, the Lender of Last Resort (LOLR) is essential in mitigating liquidity crises and containing financial contagion. However, during periods of economic stability, risk-taking incentives in the banking sector may undermine its effectiveness. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591371

Securitization, bank regulation, and the macroeconomy

Luintel, Kul B.; Torres, José L. - 2026

We develop a general equilibrium framework in which a commercial banker, constrained by capital adequacy requirements, creates a special purpose vehicle (SPV) to hold securitized assets off its balance sheet. By operating the bank and SPV as separate entities, the banker circumvents regulation,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612431

Modernizing Palau's Financial System : Opportunities and Risks

Davico, Ricardo - 2026

Palau’s financial system faces structural challenges that inhibit effective financial intermediation, mobilization of domestic savings, and payment system efficiency. The authorities have been striving to address these challenges through digital initiatives. While these initiatives are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612613

Systemic operational risk in Morocco's banking sector : an empirical analysis using panel VAR

El Khadi, Kawtar; Firano, Zakaria - 2026

This study examines the systemic operational risk in Morocco's banking sector using a Panel VAR model based on data from three banks over ten years. The model includes real GDP, interbank rate (TMP), and bank credit, alongside indicators of operational, credit, and liquidity risks. The Impulse...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591384

Distance to governance regulatory on financial performance : evidence from managerial disclosure activities at Vietnam

Nguyen, Thi Ngoc Anh; Jung, Hail - 2026

This study examines how geographic distance to Vietnam's centralized securities regulator-the State Securities Commission (SSC)-influences firm-level stock price crash risk. In emerging markets characterized by weak governance, corruption, and political connections, distance can erode monitoring...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591436

Financial Inclusion, Credit Booms, and Financial Stability Risk

Barajas, Adolfo - 2026

Economic benefits of financial inclusion, meaning a broadening access of the population to financial services, have been studied extensively, but less is known about its potential effects on financial stability. We explore the complementarity between credit booms and episodes of rapid expansion...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612695

Global shocks, institutional development, and trade restrictions : what can we learn from crises and recoveries between 1990 and 2022?

Aizenman, Joshua; Itō, Hiro; Park, Donghyun; Saadaoui, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580406

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Global Shocks, Institutional Development, and Trade Restrictions : What Can We Learn from Crises and Recoveries Between 1990 and 2022?

Aizenman, Joshua; Itō, Hiro; Park, Donghyun; Saadaoui, … - 2025

Book / Working Paper

From Par to Pressure : Liquidity, Redemptions, and Fire Sales with a Systemic Stablecoin

Gross, Marco - 2026

Fiat-backed stablecoins are expanding, and their issuers may attain systemic relevance as reserve portfolios grow and as they become increasingly intertwined with financial markets. This paper analyzes the resulting risks and the design choices that can mitigate them. A detailed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612698

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

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613835

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

Chavaz, Matthieu; Elliott, David; Monroe, Win - 2025

Book / Working Paper

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://ebvufind01.dmz1.zbw.eu/10015604461

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://ebvufind01.dmz1.zbw.eu/10015625083

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://ebvufind01.dmz1.zbw.eu/10015613948

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://ebvufind01.dmz1.zbw.eu/10015614175

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://ebvufind01.dmz1.zbw.eu/10015625383

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://ebvufind01.dmz1.zbw.eu/10015614347

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://ebvufind01.dmz1.zbw.eu/10015626070

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://ebvufind01.dmz1.zbw.eu/10015615329

Global financial cycle, media coverage and currencies of emerging markets

Beckmann, Joscha; Agyapong, Joseph - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627112

Liquidity spirals

Wiersema, Garbrand; Kemp, Esti; Farmer, J. Doyne - 2026

The financial crisis of 2007-2008 highlighted the risks that liquidity spirals pose to financial stability. We introduce a novel method for studying liquidity spirals and use this method to identify spirals before stock prices plummet and funding markets lock up. We show that liquidity spirals...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592365

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://ebvufind01.dmz1.zbw.eu/10015628409

Private money and public debt. U.S. Stablecoins and the global safe asset channel

Ferrari, Massimo Minesso; Siena, Daniele - 2026

This paper studies the international macro-financial implications of U.S. dollar-backed payment stablecoins. These digital assets create a new global safe asset channel that links private money creation and global payment needs directly to U.S. public debt. By reshaping the demand for safe...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592687

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://ebvufind01.dmz1.zbw.eu/10015628516

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://ebvufind01.dmz1.zbw.eu/10015595844

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Quantifying Minsky cycles

Ristolainen, Kim - 2026

Book / Working Paper

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://ebvufind01.dmz1.zbw.eu/10015628582

The Global Sanitation Crisis : A Systems Approach to Resilient Citywide Inclusive Sanitation

Hyde-Smith, Leonie; Gambrill, Martin P. - 2026

This background paper highlights the urgent need for climate‑resilient sanitation systems as cities face increasing climate‑related pressures. The growing impacts of extreme weather events expose the deep interconnections between sanitation and other essential urban systems, including water...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597425

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://ebvufind01.dmz1.zbw.eu/10015628630

Safeguarding Financial Inclusion During Crises : Lessons for Policymaking

Quevedo-Vega, Camila; Uribe, Jorge M.; Kumaraswamy, Sai K. - 2026

Systemic crises pose pressing threats and jeopardize economic growth and prosperity. These recurrent events disproportionately affect vulnerable households as well as micro-, small-, and medium-sized enterprises (MSME), all of whose limited financial assets and restricted access to finance...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597431

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://ebvufind01.dmz1.zbw.eu/10015628650

Diversifier, hedge, or safe haven? : Bitcoin's role against the Brazilian stock market during the COVID-19 turmoil

Dias, Vitor Fonseca Machado Beling; Malaquias, Rodrigo … - 2026

The main purpose of this study was to analyze the dynamics of the conditional correlation between Bitcoin and BOVA11 (a Brazilian stock market ETF that has seen a significant increase in foreign investors) across the pre-, during, and post-COVID-19 pandemic periods. This analysis allowed us to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638920

Contagious prejudice : the marocchinate

Ghidoni, Riccardo; Schindler, David - 2026

During World War II, French Moroccan troops performed numerous acts of (sexual) violence against the Italian population, known in Italy as the Marocchinate. We demonstrate that these events led to contagion in prejudice: They triggered a pronounced shift to the far right following the recent...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015586703

Contagion and default risks in derivative pricing : a Hawkes-based model

Agana, Francis; Maré, Eben - 2026

Modern financial systems do not exist in isolation but form part of a complex global network of interconnected financial systems. This globalization of financial systems significantly increases the risk of contagion in financial markets, impacting asset prices and other important economic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638968

When banks and insurers move together : why systemic risk lives in the tails?

Benlaghaa, Noureddinne; Shafiqa, Fahad; Al-Derhamand, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592004