The purpose of this paper is to measure systemic risk of US financial institutions during and following the period of the subprime crisis. So, we estimated the systemic risk of a sample composed by 90 US financial institutions during the period from 2 January 2007 to 31 December 2014. We employ...

This paper empirically investigates the impact of U.S. monetary policy surprises on the volatility of stock market returns for euro area countries. More specifically, to extract the unanticipated component of the U.S. monetary policy, we follow the Kuttner's methodology and we use the federal...