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 14, issue C, 2014

The role of on- and off-balance-sheet leverage of banks in the late 2000s crisis pp. 3-22

Nikolaos Papanikolaou and Christian Wolff

Collateral composition, diversification risk, and systemically important merchant banks pp. 23-34

Alexis Derviz

Are all forms of financial integration equally risky? Asset price contagion during the global financial crisis pp. 35-53

Rudiger Ahrend and Antoine Goujard

Predicting financial stress events: A signal extraction approach pp. 54-65

Ian Christensen and Fuchun Li

The (un)informative value of credit rating announcements in small markets pp. 66-80

Zvika Afik, Itai Feinstein and Koresh Galil

Banking systemic vulnerabilities: A tail-risk dynamic CIMDO approach pp. 81-101

Xisong Jin and Francisco Nadal De Simone

Volume 13, issue C, 2014

International transmission and business-cycle effects of financial stress pp. 1-17

Jonas Dovern and Björn van Roye

Asymmetric effects of households’ financial participation on banking diversification pp. 18-29

Pei-Fen Chen and Jhih-Hong Zeng

International diversification and risk of multinational banks: Evidence from the pre-crisis period pp. 30-43

M.A. Gulamhussen, Carlos Pinheiro and Alberto Pozzolo

Macroprudential regulation and the monetary transmission mechanism pp. 44-63

Pierre-Richard Agénor and Luiz Awazu Pereira da Silva

Risk shifting in the US banking system: An empirical analysis pp. 64-74

Miguel Duran and Ana Lozano-Vivas

Systemic risk in an interconnected banking system with endogenous asset markets pp. 75-94

Marcel Bluhm and Jan Krahnen

Why do some insurers become systemically relevant? pp. 95-117

Gregor N.F. Weiß and Janina Mühlnickel

The network structure of the CDS market and its determinants pp. 118-133

Tuomas Peltonen, Martin Scheicher and Guillaume Vuillemey

A cross-country analysis of bank bankruptcy regimes pp. 134-150

Matej Marinč and Vasja Rant

Bank risk factors and changing risk exposures: Capital market evidence before and during the financial crisis pp. 151-166

Wolfgang Bessler and Philipp Kurmann

Do banks’ internal Basel risk estimates reflect risk? pp. 167-179

Irina Barakova and Ajay Palvia

Financial fragility and natural disasters: An empirical analysis pp. 180-192

Jeroen Klomp

Financial crises: Lessons from the Nordic experience pp. 193-201

Seppo Honkapohja

Has the global banking system become more fragile over time? pp. 202-213

Deniz Anginer and Asli Demirguc-Kunt

Too big to fail in banking: What does it mean? pp. 214-223

George G. Kaufman

Volume 12, issue C, 2014

Stress-testing macro stress testing: Does it live up to expectations? pp. 3-15

Claudio Borio, Mathias Drehmann and Kostas Tsatsaronis

Measuring the costs of short-termism pp. 16-25

Richard Davies, Andrew Haldane, Mette Nielsen and Silvia Pezzini

Distance to default and the financial crisis pp. 26-36

Alistair Milne

The restoration of the gold standard after the US Civil War: A volatility analysis pp. 37-46

Max Meulemann, Martin Uebele and Bernd Wilfling

U.S. monetary policy in disarray pp. 47-58

John Tatom

Volume 11, issue C, 2014

Ring fencing and consolidated banks’ stress tests pp. 1-12

Eugenio Cerutti and Christian Schmieder

Impact of the subprime crisis on bank ratings: The effect of the hardening of rating policies and worsening of solvency pp. 13-31

Carlos Salvador, José Pastor and Juan Fernández de Guevara

Financial liberalization and bank risk-taking: International evidence pp. 32-48

Elena Cubillas and Francisco González

The effect of monetary policy interventions on interbank markets, equity indices and G-SIFIs during financial crisis pp. 49-61

Franco Fiordelisi, Giuseppe Galloppo and Ornella Ricci

Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle pp. 62-81

Elyas Elyasiani, Loretta Mester and Michael S. Pagano

Financial imbalances and household welfare: Empirical evidence from the EU pp. 82-91

Livio Stracca

Pension funds and stock market volatility: An empirical analysis of OECD countries pp. 92-103

Ashok Thomas, Luca Spataro and Nanditha Mathew

Volume 10, issue C, 2014

Credit protection and lending relationships pp. 7-19

Stefan Arping

Rethinking the regulatory treatment of securitization pp. 20-31

Vittoria Cerasi and Jean Rochet

A shot at regulating securitization pp. 32-49

John Kiff and Michael Kisser

Is more finance better? Disentangling intermediation and size effects of financial systems pp. 50-64

Thorsten Beck, Hans Degryse and Christiane Kneer

Financial integration, globalization, and real activity pp. 65-75

Gianni De Nicolò and Luciana Juvenal

Risk-bearing by the state: When is it good public policy? pp. 76-86

Deniz Anginer, Augusto de la Torre and Alain Ize

Volume 9, issue 4, 2013

Bank exposure to market fear pp. 451-459

Inga Chira, Jeff Madura and Ariel Viale

Default matrices: A complete measurement of banks’ consumer credit delinquency pp. 460-474

Ricardo Schechtman

Connected lending and concentrated control pp. 475-486

Siwapong Dheera-aumpon

Minimum capital requirements, bank supervision and special resolution schemes. Consequences for bank risk-taking pp. 487-497

Uwe Vollmer and Harald Wiese

Systemic risk analysis using forward-looking Distance-to-Default series pp. 498-517

Martin Saldias

Expectation-driven cycles in the housing market: Evidence from survey data pp. 518-529

Luisa Lambertini, Caterina Mendicino and Maria Teresa Punzi

A positive analysis of deposit insurance provision: Regulatory competition among European Union countries pp. 530-544

Merwan Engineer, Paul Schure and Mark Gillis

Do investors care about credit ratings? An analysis through the cycle pp. 545-555

Giuliano Iannotta, Giacomo Nocera and Andrea Resti

The influence of government intervention on the trajectory of bank performance during the global financial crisis: A comparative study among Asian economies pp. 556-564

Cherng G. Ding, Chiu-Hui Wu and Pao-Long Chang

Financial derivatives, opacity, and crash risk: Evidence from large US banks pp. 565-577

Michaël Dewally and Yingying Shao

The economic crisis: Did supervision architecture and governance matter? pp. 578-596

Donato Masciandaro, Rosaria Vega Pansini and Marc Quintyn

Measuring financial stress in transition economies pp. 597-611

Emrah Çevik, Selahattin Dibooglu and Ali Kutan

A theory of failed bank resolution: Technological change and political economics pp. 612-627

Robert DeYoung, Michal Kowalik and Jack Reidhill

Public debt, sovereign default risk and shadow economy pp. 628-640

Ceyhun Elgin and Burak Uras

Government interventions and default risk: Does one size fit all? pp. 641-653

Jeroen Klomp

Financial crises and monetary policy: Evidence from the UK pp. 654-661

Christopher Martin and Costas Milas

Role of financial regulation and innovation in the financial crisis pp. 662-672

Teakdong Kim, Bonwoo Koo and Minsoo Park

Off-balance sheet exposures and banking crises in OECD countries pp. 673-681

Dilruba Karim, Iana Liadze, Ray Barrell and E Davis

Financial crisis and a transmission mechanism of external shocks: The signaling role of the Korean Monetary Stabilization Bond pp. 682-694

Jinyong Kim and Yong-Cheol Kim

IT use, productivity, and market power in banking pp. 695-704

Michael Koetter and Felix Noth

Do subordinated debt holders discipline bank risk-taking? Evidence from risk management decisions pp. 705-719

Mohamed Belkhir

Information efficiency of the U.S. credit default swap market: Evidence from earnings surprises pp. 720-730

Gaiyan Zhang and Sanjian Zhang

Bank regulation and supervision in the context of the global crisis pp. 733-746

Martin Cihak, Asli Demirguc-Kunt, Maria Martinez Peria and Amin Mohseni-Cheraghlou

Did the commercial paper funding facility prevent a Great Depression style money market meltdown? pp. 747-758

John Duca

The influence of political factors on commercial banks in Central European countries pp. 759-777

Krzysztof Jackowicz, Oskar Kowalewski and Łukasz Kozłowski

Risk-shifting and the regulation of bank CEOs’ compensation pp. 778-789

Pierre Chaigneau

The effect of TARP on bank risk-taking pp. 790-803

Lamont K. Black and Lieu N. Hazelwood

Political connections and depositor discipline pp. 804-819

Mustafa Disli, Koen Schoors and Jos Meir

Public bank lending in times of crisis pp. 820-830

Michael Brei and Alfredo Schclarek

Volume 9, issue 3, 2013

Monetary policy rules, asset prices and adaptive learning pp. 251-258

Vicente Machado

Multiple bank regulators and risk taking pp. 259-268

Itai Agur

Understanding the market reaction to shockwaves: Evidence from the failure of Lehman Brothers pp. 269-286

Nicolas Dumontaux and Adrian Pop

Good for one, bad for all: Determinants of individual versus systemic risk pp. 287-299

Germán López-Espinosa, Antonio Rubia, Laura Valderrama and Miguel Antón

How to deal with real estate booms: Lessons from country experiences pp. 300-319

Christopher Crowe, Dell’Ariccia, Giovanni, Deniz Igan and Pau Rabanal

The impact of imposing capital requirements on systemic risk pp. 320-329

Chen Zhou

Sovereign default risk, overconfident investors and diverse beliefs: Theory and evidence from a new dataset on outstanding credit default swaps pp. 330-336

Thorsten Janus, Yothin Jinjarak and Manachaya Uruyos

Are short sellers positive feedback traders? Evidence from the global financial crisis pp. 337-346

Martin T. Bohl, Arne C. Klein and Pierre Siklos

Macroprudential stress testing of credit risk: A practical approach for policy makers pp. 347-370

Daniel Buncic and Martin Melecký

Monetary policy and institutions before, during, and after the global financial crisis pp. 373-384

Alex Cukierman

Dynamic central bank independence indices and inflation rate: A new empirical exploration pp. 385-398

Marco Arnone and Davide Romelli

Central bank financial strength and inflation: Is there a robust link? pp. 399-414

Anil Perera, Deborah Ralston and Jayasinghe Wickramanayake

The central banker as prudential supervisor: Does independence matter? pp. 415-427

L. Dalla Pellegrina, Donato Masciandaro and Rosaria Vega Pansini

Institutional structures of financial sector supervision, their drivers and historical benchmarks pp. 428-444

Martin Melecký and Anca Maria Podpiera

Ratio controls need reconsideration pp. 445-450

Charles Goodhart

Volume 9, issue 2, 2013

Are lending relationships beneficial or harmful for public credit guarantees? Evidence from Japan's Emergency Credit Guarantee Program pp. 151-167

Arito Ono, Iichiro Uesugi and Yukihiro Yasuda

A network analysis of global banking: 1978–2010 pp. 168-184

Camelia Minoiu and Javier Reyes

How does competition affect bank risk-taking? pp. 185-195

Gabriel Jimenez, Jose Lopez and Jesús Saurina

Resolution of financial distress: A theory of the choice between Chapter 11 and workouts pp. 196-209

Kose John, Ravi S. Mateti and Gopala Vasudevan

Bank Resolution Plans as a catalyst for global financial reform pp. 210-218

Emilios Avgouleas, Charles Goodhart and Dirk Schoenmaker

Knowledge and opinions about banking supervision: Evidence from a survey of Dutch households pp. 219-229

Carin Cruijsen, Jakob de Haan, David-Jan Jansen and Robert Mosch

Contingent capital with a dual price trigger pp. 230-241

Robert L. McDonald

New theories to underpin financial reform pp. 242-249

Franklin Allen and Elena Carletti

Volume 9, issue 1, 2013

Systemic liquidity shortages and interbank network structures pp. 1-12

Seung Hwan Lee

The impact of wealth on financial mistakes: Evidence from credit card non-payment pp. 26-37

Barry Scholnick, Nadia Massoud and Anthony Saunders

Wholesale bank funding, capital requirements and credit rationing pp. 38-45

Itai Agur

Contagion in the interbank market and its determinants pp. 46-54

Christoph Memmel and Angelika Sachs

Executive compensation, risk taking and the state of the economy pp. 55-68

Alon Raviv and Elif Sisli-Ciamarra

The fading stock market response to announcements of bank bailouts pp. 69-89

Michele Fratianni and Francesco Marchionne

Bank–firm relations and the role of Mutual Guarantee Institutions at the peak of the crisis pp. 90-104

Francesca Bartoli, Giovanni Ferri, Pierluigi Murro and Zeno Rotondi

A simple indicator of systemic risk pp. 105-116

Dilip K. Patro, Min Qi and Xian Sun

Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy? pp. 117-138

Jaromir Baxa, Roman Horvath and Bořek Vašíček

Cyclical default and recovery in stress testing loan losses pp. 139-149

Esa Jokivuolle and Matti Virén