The role of non-financial sector market fluctuations such as the role of oil price uncertainty
either on financial stability or on policy-related economic uncertainty has not been …

This paper introduces a new indicator of contemporaneous stress in the financial system
named Composite Indicator of Systemic Stress (CISS). Its specific statistical design is …

The paper develops a framework for assessing systemic risks and for predicting systemic
events, ie periods of extreme financial instability with potential real costs. It contributes to the …

The global financial crisis of 2008–2009 illustrates how financial turmoil in advanced
economies could trigger severe financial stress in emerging markets. Previous studies …

This study constructs a financial stress index for Bulgaria, the Czech Republic, Hungary,
Poland, and Russia and examines the relationship between financial stress and economic …

This paper develops a framework for assessing systemic risks and for predicting (out-of-
sample) systemic events, ie periods of extreme financial instability with potential real costs …

This paper examines the roles of bank capital regulation and monetary policy in mitigating
procyclicality and promoting macroeconomic and financial stability. The analysis is based on …

We analyze the international transmission of financial stress and its effects on global
economic activity. Our analysis is based on country-specific monthly financial stress indices …

This paper develops a Financial Stress Index (FSI) for 28 OECD countries and examines its
relationship to crises using a novel database for financial crises. A stress index measures …

The payment choice of mergers and acquisitions (M&As) influences firm performance and
facilitates wealth transfer to shareholders and realises synergy through stakeholders' implicit …