This study explores the impact of digital finance on bankruptcy risk in Chinese A-share listed
firms. Using the digital finance index developed by PKU-DFIIC to measure the degree of …

Corporate default risk can affect financial stability and the macroeconomy. However, the
determinants of corporate default risk in China are not well defined in the literature. We …

In this paper we analyze the predictability of the bankruptcy of 7795 Italian municipalities in
the period 2009–2016. The prediction task is extremely hard due to the small number of …

We consider predicting systemic financial crises one to five years ahead using recurrent
neural networks. We evaluate the prediction performance with the Jórda-Schularick-Taylor …

Econometricians construct panel logit-based early warning systems (EWSs) as the primary
predictive tool to prevent incoming systemic banking crises. Considering the actual scenario …

Does concentration in the banking sector boost banks' resilience, or make them more
fragile? We propose an analysis of the simultaneous impact of several mediators of …

This paper investigates contagion risk for the global banking environment using three
different distance to risk measures (distance to default, distance to capital, and distance to …

Different economic crises such as banking, financial, and currency lead to high economic
costs and have negative impact to whole society. Development of early warning systems …

Commodity prices are one of the most important drivers of output fluctuations in developing
countries. We show that a major channel through which commodity price movements can …

In this paper, we investigate the problem of credit rating management in energy trading
among microgrids subject to transmission losses and wheeling cost. The main concern is …