Journal of Financial Stability

2004 - 2025

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

From Elsevier
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Volume 73, issue C, 2024

Excessive bank risk-taking in an infinite horizon economy

Jorge Pozo

Desirable banking competition and stability

Jonathan Benchimol and Caroline Bozou

Accounting for climate transition risk in banks’ capital requirements

Lucia Alessi, Erica Francesca Di Girolamo, Andrea Pagano and Marco Petracco Giudici

Structural shifts in bank credit ratings

Antonis Ballis, Christos Ioannidis and Emmanouil Sifodaskalakis

Too-systemic-to-fail: Empirical comparison of systemic risk measures in the Eurozone financial system

Amir Armanious

Opportunities and challenges associated with the development of FinTech and Central Bank Digital Currency

Stijn Claessens, Lin Cong, Fariborz Moshirian and Cyn-Young Park

How do private digital currencies affect government policy?

Max Raskin, Fahad Saleh and David Yermack

A simple model of a central bank digital currency

Bineet Mishra and Eswar Prasad

The impact of CBDC on a deposit-dependent banking system

Steffen Vollmar and Fabian Wening

How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm

Leonardo Gambacorta, Yiping Huang, Han Qiu and Jingyi Wang

Volatile safe-haven asset: Evidence from Bitcoin

James Yae and George Zhe Tian

Decentralization illusion in Decentralized Finance: Evidence from tokenized voting in MakerDAO polls

Xiaotong Sun, Charalampos Stasinakis and Georgios Sermpinis

Digital payments and bank competition

Marianne Verdier

Are ICOs the best? A comparison of different fundraising models in blockchain-based fundraising

Yan Sun and Sung-Byung Yang

Climate policy uncertainty and bank systemic risk: A creative destruction perspective

Yulin Liu, Junbo Wang, Fenghua Wen and Chunchi Wu

The impact of fintech lending on credit access for U.S. small businesses

Giulio Cornelli, Jon Frost, Leonardo Gambacorta and Julapa Jagtiani

Open-economy macroeconomics with financial frictions: A simple model with flexible exchange rates

Pierre-Richard Agénor

When banks become pure creditors: The effects of declining shareholding by Japanese banks on bank lending and firms’ risk-taking

Arito Ono, Katsushi Suzuki and Iichiro Uesugi

Funding liquidity creation by banks

Anjan Thakor and Edison G. Yu

Societal trust and corporate bankruptcy

Anand Jha, Renee Oyotode-Adebile and Zubair Ali Raja

Comparable but is it informative?Accounting information comparability and price synchronicity

Desheng Liu, Yiqing Wang and Mingsheng Li

Corporate disclosure behavior during financial crises: Evidence from Korea

Yeonghyeon Kim, Junyong Lee, Kyounghun Lee and Frederick Dongchuhl Oh

The role of loan loss provisions in income inequality: Evidence from a sample of banking institutions

Nicholas Apergis

Volume 72, issue C, 2024

Spillovers in Europe: The role of ESG

Karoline Bax, Giovanni Bonaccolto and Sandra Paterlini

Sovereign credit spreads, banking fragility, and global factors

Anusha Chari, Felipe Garcés, Juan Francisco Martínez and Patricio Valenzuela

Bank runs, prudential tools and social welfare in a global game general equilibrium model

Daisuke Ikeda

Loan guarantees in a crisis: An antidote to a credit crunch?

W. Blake Marsh and Padma Sharma

Government debt and stock price crash risk: International Evidence

Hamdi Ben-Nasr and Sabri Boubaker

The demand for central clearing: To clear or not to clear, that is the question!

Mario Bellia, Giulio Girardi, Roberto Panzica, Loriana Pelizzon and Tuomas Peltonen

A model of managerial compensation, firm leverage and credit stimulus

Rajdeep Chakraborti, Sandeep Dahiya, Lei Ge and Pedro Gete

Distance lending & social connectedness

Ankitkumar Kariya and Chhavi Shekhawat

Impact of higher capital buffers on banks’ lending and risk-taking in the short- and medium-term: Evidence from the euro area experiments

Giuseppe Cappelletti, Aurea Marques and Paolo Varraso

Cryptocurrency use and tax collections: Direct and indirect channels of influence

Rajeev Goel and Ummad Mazhar

Financial contagion among the GSIBs and regulatory interventions

Jennifer Lai and Paul D. McNelis

International financial stress spillovers during times of unconventional monetary policy interventions

George N. Apostolakis and Nikolaos Giannellis

Political connections and zombie firms: The role of the 2008 stimulus plan in China

Jie Li, Xiaowei Guo, Bihong Huang and Tianhang Zhou

Central banks’ corporate asset purchase programmes and risk-taking by bond funds in the aftermath of market stress

Nicola Branzoli, Raffaele Gallo, Antonio Ilari and Dario Portioli

The macroeconomic costs of the bank tax

Marcin Borsuk, Joanna Przeworska, Anthony Saunders and Dobromił Serwa

Zero-risk weights and capital misallocation

Takuji Fueki, Patrick Hürtgen and Todd Walker

Bank capital, liquidity creation and the moderating role of bank culture: An investigation using a machine learning approach

Loan Quynh Thi Nguyen, Roman Matousek and Gulnur Muradoglu

Investor flows, performance, and fragility of U.S. municipal bond mutual funds

Mark A. Peterson

Testing the boundaries of applicability of standard Stochastic Discount Factor models

Luca Pezzo, Yinchu Zhu, M. Kabir Hassan and Jiayuan Tian

Asset redeployability and green innovation

Trung Do

Strategic alliances and shared auditors

Mufaddal Baxamusa, Anand Jha and K.K. Raman

Volume 71, issue C, 2024

Bridging the information gap: How digitalization shapes stock price informativeness

Weiping Li, Tingyu Li, Dequan Jiang and Xuezhi Zhang

Stock price crash risk and firms’ operating leverage

Xin Chang, Louis T.W. Cheng, Wing Chun Kwok and George Wong

Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures

John W. Goodell, Shaen Corbet, Hou, Yang (Greg), Yang Hu and Les Oxley

The topological structure of panel variance decomposition networks

Alessandro Celani, Paola Cerchiello and Paolo Pagnottoni

Do interbank markets price systemic risk?

Michael Sigmund and Christoph Siebenbrunner

Temporal networks and financial contagion

Fabio Franch, Luca Nocciola and Angelos Vouldis

On the optimal control of interbank contagion in the euro area banking system

Gábor Fukker and Christoffer Kok

Uncertainty, non-linear contagion and the credit quality channel: An application to the Spanish interbank market

Adrian Carro and Patricia Stupariu

“Thank me later”: Why is (macro)prudence desirable?

Graeme Cokayne, Eddie Gerba, Andreas Kuchler and Rasmus Pank Roulund

Financial stability through the lens of complex systems

Grzegorz Hałaj, Serafin Martinez-Jaramillo and Stefano Battiston

Assessing the systemic risk impact of bank bail-ins

Christoph Siebenbrunner, Martin Hafner-Guth, Ralph Spitzer and Stefan Trappl

The role of banks’ technology adoption in credit markets during the pandemic

Nicola Branzoli, Edoardo Rainone and Ilaria Supino

Modelling fire sale contagion across banks and non-banks

Fabio Caccioli, Gerardo Ferrara and Amanah Ramadiah

Over with carbon? Investors’ reaction to the Paris Agreement and the US withdrawal

Lucia Alessi, Stefano Battiston and Virmantas Kvedaras

The double materiality of climate physical and transition risks in the euro area

Régis Gourdel, Irene Monasterolo, Nepomuk Dunz, Andrea Mazzocchetti and Laura Parisi

Shock amplification in an interconnected financial system of banks and investment funds

Matthias Sydow, Aurore Schilte, Giovanni Covi, Marija Deipenbrock, Leonardo Del Vecchio, Pawel Fiedor, Gábor Fukker, Max Gehrend, Régis Gourdel, Alberto Grassi, Björn Hilberg, Michiel Kaijser, Georgios Kaoudis, Luca Mingarelli, Mattia Montagna, Thibaut Piquard, Dilyara Salakhova and Natalia Tente