This paper presents the analysis underpinning the ESRB Recommendation on guidance on
setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to …

This paper suggests a new agenda for constructing early warning models (EWMs) to
enhance their effectiveness in predicting financial crises. The central argument of the new …

Since 2007, several contributions have tried to identify early-warning signals of the financial
crisis. However, the vast majority of analyses has focused on financial systems and little …

This paper investigates leading indicators of systemic banking crises in a panel of 11 EU
countries, with a particular focus on Finland. We use quarterly data from 1980Q1 to 2013Q2 …

The importance of assessing financial stability in emerging Europe has increased rapidly
since the recent financial crisis. Against this background, in the present paper we contribute …

This paper analyzes the challenges posed by the implementation of the countercyclical
capital buffer framework in Italy and proposes ways of meeting them. In the first part of the …

This article analyzes the transmission of financial systemic stress from the euro area to the
Czech Republic. We employ a recently developed composite indicator of systemic stress …

Financial Stability Report 18 FINANCIAL STABILITY REPORT 16 OESTERREICHISCHE
NATIONALBANK EUROSYSTEM Stability and Security. DECEMBER 2008 Page 2 The OeNB’s …

The 2008 financial crisis has rekindled interest in the issue of early warning signals (EWS) of
financial distress. It has also triggered renewed interest in the literature on currency crises …

This paper focuses on the development of the interbank market risk premium in the Czech
Republic during the global financial crisis. We explain the significant departure of interbank …