Journal of Financial Stability

2004 - 2026

Current editor(s): I. Hasan, W. C. Hunter and G. G. Kaufman

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

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Volume 84, issue C, 2026

The unintended consequences of environmental regulation on financial misconduct

Junfei Guo, Rui Sun and Mingduo Zhao

Systemic risk measures and macroeconomic shocks: An update of empirical evidence

Yan Li and Zongxin Qian

Opacity, financial analysts, and bank risk: Evidence from US and European publicly traded banks

Mehrafarin Shetabi

ESG activities and stock liquidity

Mengchuan Fu, Antonio Meles, Dario Salerno and An Yan

The great financial crisis and contagious bank ratings downgrades

Deborah Gefang, Stephen G. Hall, George Tavlas and Yongli Wang

Decoding mutual fund performance: Dynamic return patterns via deep learning

Guo, Norman (Xuxi)

Expected bail-in costs, bank risk-taking and real effects

Bálint L. Horváth and Consuelo Silva-Buston

Up the political ladder: The role of political networks

Xian Gu, Iftekhar Hasan, Bingzhi Zhang, Linda Zhao and Yun Zhu

Deep hedging 0DTE options

Sebastian Egebjerg

Contagious zombies

Christian Bittner, Falko Fecht and Co-Pierre Georg

Asset fire sales in an incomplete market economy

Shiba Suzuki

Does media sentiment influence bank supervision?

David Aldama-Navarrete, Filippo Curti, Anne Lundgaard Hansen and Sophia Kazinnik

Disclosure of financial items in 10-Ks and stock price informativeness

Wayne W. Yu, C.S. Agnes Cheng, Yu Hu, Joseph A. Johnston and Feng Tang

Climate risk and bank capital structure

Yassine Bakkar

FinTech small business lending: Do FinTechs provide business loans to under-banked groups?

Arthur M. Tran and Drew B. Winters

Artificial intelligence and firm resilience

Oussama El Moujahid, Samuele Murtinu and Naciye Sekerci

Generative AI and labour productivity: A quasi experiment on coding

Leonardo Gambacorta, Han Qiu, Shuo Shan and Daniel Rees

Heterogeneous impacts of macroprudential policies: Financial advisors, regulatory caps, and mortgage risk

Martin Cesnak, Andrej Cupak, Pirmin Fessler and Jan Klacso

Floods and financial stability: Scenario-based evidence from below sea level

Francesco G. Caloia, Kees C.H. van Ginkel and David-Jan Jansen

Systemic risk in the European insurance sector

Giovanni Bonaccolto, Nicola Borri, Andrea Consiglio and Giorgio Di Giorgio

When opinions collide：Investor sentiment divergence and stock liquidity

Jiageng Huang, Nianhua Zhang and Fei Wang

Climate risk news and banking industry: A natural language processing approach

Babak Naysary, Ali Edisen and Amine Tarazi

Does liquidity regulation reduce bank and systemic risk? Evidence from a quasi-natural experiment

Foly Ananou, Dimitris K. Chronopoulos, Amine Tarazi and John O.S. Wilson

Volume 83, issue C, 2026

Social capital and stock price crash risk: cross-country evidence

Chrysovalantis Gaganis, George Leledakis, Fotios Pasiouras and Emmanouil G. Pyrgiotakis

A safe pair of hands? Bank CEO career experience and acquisition performance

Shaker Ahmed, Jens Hagendorff, Timothy King and Abhishek Srivastav

Biases in investor-paid credit ratings

Jianfu Shen, Gaiyan Zhang and Zunxin Zheng

Contagion, interdependence and global crisis: Evidence from equity markets

Christian Urom, Ilyes Abid, Khaled Guesmi and Samir Saadi

Decoding underprediction and anchoring in BEA's GDP backcasts

Geoffrey G. Booth, Polina Ellina and Panayiotis Theodossiou

Predictive multiplicity, procedural multiplicity, and heterogeneous machine learning ensembles in recovery rate forecasting

Martin T. Hibbeln, Raphael M. Kopp and Noah Urban

Lending relationships and boom–bust cycles

Vivek Sharma

Banks’ stock market reaction to prudential policy announcements: The role of central bank independence and financial stability sentiment

Andreea Maura Bobiceanu, Simona Nistor and Steven Ongena

Enough liquidity with enough capital—and vice versa?

Hans Gersbach, Hans Haller and Sebastian Zelzner

Diversification or distortion? The role of ETFs in retail investor portfolios and performance

Zheng Wu, P. Joakim Westerholm and Zhen Wang

Capital and liquidity interaction in banking

Jonathan Acosta-Smith, Guillaume Arnould, Sebastian de-Ramon, Kristoffer Milonas and Quynh-Anh Vo

Optimal CBDC design: A model with two access mechanisms and the role of anonymity

Julián Parra-Polanía and Constanza Martinez-Ventura

Learning, externality, and optimal financial regulation

Deepal Basak and Yunhui Zhao

Volume 82, issue C, 2026

Trade reforms and firm value: Worldwide evidence

Linghua Kong, Thomas To and Eliza Wu

Do municipalities pay more to issue unrated bonds?

Matthew Peppe and Haluk Unal

Commercial bank failures during the Great Recession: The real (estate) story

Adonis Antoniades

Different strokes for different banks: A heterogeneity analysis of Fed QE on bank lending

Marianna Blix Grimaldi and Supriya Kapoor

Whistleblowers and financial fraud

Oz Shy

Climate policy and international capital reallocation

Marius Fourné and Xiang Li

Culture as a catalyst: The impact of corporate culture on strategic alliances and equity market response

Kawser Ahmed Shiblu and Francesca Toscano

Stimulating credit through banks’ unsecured debt purchases: Insights from a non-traditional measure

Noam Michelson

The leverage of hedge funds and the risk of their prime brokers

Ariston Karagiorgis, Dimitrios Anastasiou, Konstantinos Drakos and Steven Ongena

Volume 81, issue C, 2025

Financial contagion within the interbank network

Christina D. Mikropoulou and Angelos Vouldis

A stablecoin that’s actually stable: A portfolio optimization approach

Klaus Grobys, Juha Junttila and James W. Kolari

Output floors in setting bank capital requirements

Adrian Pop and Diana Pop

Projected operating efficiencies, credit ratings and the creation of debt capacity

Ahmad K. Ismail and Assem Safieddine

Quantitative easing, bank lending, and aggregate fluctuations

Matthew Schaffer and Nimrod Segev

Systemic risk in centralised interbank networks

Mario Eboli

Intelligent financial system: How AI is transforming finance

Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti and M. Stein

Corporate lobbying and US federal grants: Information in exchange for compensation

Rodrigo Londoño van Rutten

Negative rates, monetary policy transmission and cross-border lending via international financial centers

Desislava Andreeva, Andra Coman, Mary Everett, Maren Froemel, Kelvin Ho, Simon Lloyd, Baptiste Meunier, Justine Pedrono, Dennis Reinhardt, Andrew Wong, Eric Wong and Dawid Żochowski

Real effects of bank shocks

Vivek Sharma

CEO-employee pay disparity, risk-taking incentives, and financial reporting choices

Han Dai, Dahlia Robinson and Yi Shen

A second-order finite difference method for the Black–Scholes model without far-field boundary conditions

Jian Wang, Lin Wu, Xinpei Wu, Youngjin Hwang, Yunjae Nam, Soobin Kwak, Taehui Lee and Junseok Kim

Fading familiarity: High-speed rail and the decline in retail investors' attention to local firms

Liu Desheng, Mingsheng Li, Xinran Wang and Ying Wang

Unpacking the crisis: Impact of COVID-19 on global equity flows

Zhisheng Li, Bingxuan Lin, Zhouyi Liu and H. Zafer Yüksel

Debt maturity, creditor rights, and capital allocation efficiency: Evidence from quasi-natural experiments in India

Jyoti Ranjan Sahoo and Ajay Kumar Mishra