The relationship between government implicit debt risk and bank risk has drawn much
academic attention. Prior studies have documented the mixed effect of fintech on financial …

Analyzing sovereign risk measures for Brazil, we observe that credit rating agencies are
more cautious and conservative than the market to report risk rating improvements, and …

Financial contagion is a major risk in the European Monetary Union (EMU) due to the
interdependence of government and the banking system. As highlighted by the literature, a …

Stock market bubbles arise as a joint monetary and financial phenomenon. We assess the
potential of monetary policy in mitigating the onset of bubbles by means of a Markov …

Climate change adaptation efforts are heavily dependent on a country's fiscal capacity and
the associated costs of undertaking adaptation policies. The current accumulation of high …

This paper investigates how a country's economic complexity influences its sovereign yield
spread with respect to the United States. Notably, a one-unit increase in the Economic …

Fiscal rules are typically seen as government constraints. Yet, the extent to which they are
substituted or complemented by market discipline (especially, during financial stress) …

This work investigates the bank-sovereign risk transmission across EMU countries,
assessing how sovereign risk in Italian government bonds can affect the sovereign and …

In the background of China's economic development mode being focused the worldwide
attention, there is a growing trend to study the risk transmission pattern and the crisis …

This study efforts to construct an effective early warning system (EWS) to predict sovereign
crises for China and distinguish different levels of leading determinants, such as macro …