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Intervention has taken different forms in different countries and periods of time. Moreover, the high interconnection of financial institutions makes the (implicitly or explicitly) promise of no intervention made by governments barely credible. Moreover, it is largely claimed that these...
Persistent link: https://www.econbiz.de/10012974864
This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and robust evidence that policy uncertainty is...
Persistent link: https://www.econbiz.de/10013404472
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We examine the influence of economic policy uncertainty on bank stability post-2007-2008 global financial crisis. We rely on the economic policy uncertainty (EPU) index introduced by Baker et al. (2016). We use 176,477 quarterly observations for US commercial banks over the period from 2011Q1 to...
Persistent link: https://www.econbiz.de/10013224541
This paper is a survey of the most important research in the economic policy uncertainty literature. Economic policy uncertainty, although still under-researched relative to mainstream topics in economics and finance, has recently received increased scholarly attention. Through synthesizing...
Persistent link: https://www.econbiz.de/10013226016
Motivated by the unprecedented high levels of recent economic policy uncertainty in Europe and the globe, this paper examines the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship....
Persistent link: https://www.econbiz.de/10013241873
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After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged … is only now emerging. Japan's malaise, marked by recession or weak economic activity, commodity and asset price deflation … industrial world since the 1930s. In Japan's Great Stagnation, experts on the Japanese economy consider key questions about the …
Persistent link: https://www.econbiz.de/10003189626