Credit default swaps (CDS) have been growing in importance in the global financial
markets. However, their role has been hotly debated, in industry and academia, particularly …

This paper examines the resilience of banks as perceived by market participants during the
COVID-19 crisis. We analyse how bank stock returns during January–March 2020 relate to …

This paper investigates the impact of macro-prudential policy (proxied by the counter-
cyclical capital buffer (CCyB)) on bank credit risk during uncertain times, as banking sector …

This paper investigates the presence of asymmetries in the short-and long-run relationships
between the 5-year CDS index spreads at the US industry level and a set of major …

We study the relationship between societal trust and risk-taking in the banking industry. Prior
literature has found that societal trust is positively related to both financial reporting …

We provide a synthesis of the empirical evidence on market liquidity. The liquidity
measurement literature has established standard measures of liquidity that apply to broad …

Using macroeconomic and financial conditions to forecast credit default swap (CDS)
spreads is a challenging task. In this paper, we propose the Merton-LSTM model, a modified …

This study researches the impacts of foreign portfolio flows (proxied by foreign investors'
retention share) and monetary policy responses (proxied by the repurchase interest rate) on …

This study examines how sovereign CDS spreads of Turkey behave in COVID-19 pandemic
times by considering that CDS spreads reflect the riskiness, vulnerability, financial stability …

This study examines the reaction of local currency oil prices to the COVID-19 pandemic
using Turkish daily data (July 25, 2019 to October 30, 2020). A multivariate adaptive …