Congress identified a major blind spot on Wall Street when it enacted section 342 of the Dodd-Frank Act — a culturally homogeneous elite prone to herd behavior, group-think, and affinity bias.These maladies exacted a heavy cost upon the rest of the nation in the context of the financial...

Credit risk measurement remains a critical field of top priority in banking finance, directly implicated in the recent global financial crisis. This paper examines the dynamic linkages between credit risk migration due to rating shifts and prevailing macroeconomic conditions, reflected in...

A report by the Stockholm Environment Institute estimates that between US$363 billion to US$2.4 trillion have to be invested only to mitigate climate change (Tempest & Lazarus, 2014). This estimation demonstrates that the financial sector plays a central role in influencing sustainable...

Ten years into the global financial crisis, the euro area is struggling to get back on a path of stability and growth. Leaving aside international factors, many underlying reasons come from within and range from the EMU architectural incompleteness to the reluctance to address some key issues,...

The issue regarding cross-border business has been a key issue on the minds of businesses across the globe. As organizations as well as firms seek to maximize their profit through operating in different jurisdictions, it is quite imperative to take a critical look at the issue regarding...

Purpose: This paper aims to offer an empirical study of the impact of institutional quality on the banking system risk and credit risk. Design/methodology/approach: Applying cross-sectional dependent tests and stationary tests to check the property of our sample, the panel corrected standard...

Unexpected changes in interest rates can significantly alter a bank's profitability and market value of equity. Interest rate risk encompasses this volatility. Depending on the cash flow characteristics of the Bank's assets and liabilities, interest rate changes may raise or lower net interest...

This paper analyzed the relationship between financial education, financial inclusion, firm formation (duration), risk management, innovation and firm performance, within the context of the economic turbulence created by COVID-19 pandemic. Using a SEM approach, results showed that financial...

This paper proposes an early-warning bank risk measure based on the syndicate concentration of recent syndicated loans that a bank participates in. At the bank level, higher values of the measure predict greater risks (i.e., loan loss provisions, idiosyncratic return volatility, default...

Central banks around the world have substantial domestic and foreign financial assets and liabilities on their balance sheets reflecting their role as monetary authorities. This paper explores the long-term trends in risk and return in central banking using the central bank of Denmark, Danmarks...