..., it is critical to conduct a thorough examination of the repercussions of Economic Policy Uncertainty ( EPU ) shocks on equity markets, considering the recent crisis. Design/methodology/approach The authors have applied an asymmetric time-varying parameter vector autoregression (TVP-VAR) model to assess...

... the lens of comparison with normal times. Table 1 displays the descriptive statistics of the S&P500 index and the four uncertainty subindices investigated. It can be clearly seen that all variables exhibit high levels of volatility. Crisis S&P500 stock index Financial regulatory policy...

...Matthew Flynn; Yufei Wu Purpose This study aims to provide a fresh look at banks as lenders in and extending past the COVID-19 crisis, with a particular focus on examining the results of recent work by Lei et al. (2020). Design/methodology/approach The authors’ replication, as well...

... markets diversifies a bank’s risk. At the country level, banking systems with less integrated big banks, or more integrated smaller banks, are more stable and hence less likely to suffer a banking crisis. Originality/value The authors construct a novel measure of integration among global banks...

..., as bank credit is necessary (to some extent) to substitute for equity. One of the important sources of vulnerability that can affect financial stability and lead to a financial crisis can be the weakness (such as a high level of short-term debt) in the financial structure of the economy, i.e...