... analysis Markov regime model COVID-19 G15 G18 G33 The stability of the financial system is deteriorated after the global financial crisis of 2007–2008 for advanced as well as poor countries across the globe. This unique financial stress sparked a discussion of quantifying the crises...

... value through a modification of the Black and Scholes formula: Bankruptcy Banks Financial risk and risk management G21 G32 G33 To apply the above framework to a data set that mostly comprises non-listed banks, our methodology follows Guerra et al. (2016) , Blavy...

... G21 G33 For decades, bailouts have been a standard response when financial firms falter or fail. National treasuries, central banks and transnational political entities such as the European Union and the International Monetary Fund (IMF) have, due to the absence of alternative resolution...