The unfavourable macroeconomic situation in Ghana has ignited innovations in the strategic direction of the banks especially in their loan portfolio allocation. In the wake of information sharing services provided by credit scoring agencies, this study examines the effect of banks' asset and...

We study the effects of two measures of information dissemination on the determination of systemic risk. One measure is print-media consumer sentiment based while the other is volatility based. We find evidence that while the volatility measure (VIX) of future expectations has a more significant...

We examine the effect of ex-post information contagion on the ex-ante level of systemic risk defined as the probability of joint default of banks. Because of counterparty risk or common exposures, bad news about one bank reveals valuable information about another bank and trigger information...

This paper scrutinises systemic (tail) risk using a novel method and extensive global dataset. We avail long time-series data from 65 international markets to analyse the connectedness as well as determinants of expected shortfall (up to the 5th percentile). Trans-national tail risk network is...