1. Emerging Risks: An Overview; Thomas Walker, Dieter Gramlich, Kalima Vico, and Adele Dumont-Bergeron -- Part I. Ecological Risks -- 2. Climate Change: Macroeconomic Impact and Implications for Monetary Policy; Sandra Batten, Rhiannon Sowerbutts, and Misa Tanaka -- 3. Global Warming and Extreme...

Timely identification of coincident systemic conditions and forward-looking capacity to anticipate adverse developments are critical for macroprudential policy. Despite clear recognition of these factors in literature, an evaluation methodology and empirical tests for the information value of...

Purpose – Lessons from the most recent financial crisis show specific vulnerabilities of financial markets due to weaknesses in the structure of the financial system (structural fragility). As the literature points out, the impact of systemic risk can be closely related to issues of...

Financial stress indices (FSIs) involve the weighting and compilation of different sub-indices and indicators into an overall measure of systemic stress. Despite the importance of weighting with regard to the relevance of single indices or indicators (structural effect), the behavior of the...

The purpose of this research is to identify the effects of information disclosure on commercial bank performance and stability. Specifically, the study examines the relationship between different levels of information disclosure and the subsequent impact on various measures of bank return and...