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Banking crises and financial integration: Insights from networks science

Caballero, Julian - In: Journal of International Financial Markets, … 34 (2015) C, pp. 127-146

This paper explores whether the level of de facto financial integration of banks in a country increases the incidence of systemic banking crises. The paper computes a measure of financial integration based on network statistics of banks participating in the global market of inter-bank syndicated...

Persistent link: https://www.econbiz.de/10011189483

Financial stress spillovers in advanced economies

Apostolakis, George; Papadopoulos, Athanasios P. - In: Journal of International Financial Markets, … 32 (2014) C, pp. 128-149

In this study, we examine financial stress co-movements and spillovers among the G7 economies by employing a Financial Stress Index as a proxy variable and accounting for financial instability. To examine the interdependence of financial stress, we parse the dynamic conditional correlations of...

Persistent link: https://www.econbiz.de/10010906345

Factor reversal in the euro zone stock returns: Evidence from the crisis period

Chou, Hsin-I; Zhao, Jing; Suardi, Sandy - In: Journal of International Financial Markets, … 33 (2014) C, pp. 28-55

The adoption of the euro led to a shift in importance from country to industry effects in euro zone stock returns. For the first time, this paper shows that country effects have regained importance in the recent spate of crises. This euro-wide factor reversal is driven by countries with poor...

Persistent link: https://www.econbiz.de/10011189469

Bank earnings forecasts, risk and the crisis

Anolli, Mario; Beccalli, Elena; Molyneux, Philip - In: Journal of International Financial Markets, … 29 (2014) C, pp. 309-335

This paper explores the ability of financial analysts to gauge the risk taken by banks and investigates the impact of … forecasting abilities are negatively influenced by bank-specific risks, except market risk. We also find that forecasting … crisis all risk indicators significantly reduce forecasting abilities of both types of analysts (optimistic and pessimistic …

Persistent link: https://www.econbiz.de/10010743655