All Research Papers Published In Journal of Financial Stability

Research Article
22
10.1016/j.jfs.2024.101290

The impact of fintech lending on credit access for U.S. small businesses

Jun 04, 2024
Journal of Financial Stability
Giulio Cornelli + 3 more +3

Research Article
2
10.1016/j.jfs.2024.101272

Structural shifts in bank credit ratings

May 21, 2024
Journal of Financial Stability
Antonis Ballis + 2 more +2

We investigate the time variation in credit rating standards awarded to financial institutions of commercial bank credit ratings awarded by the three principal CRAs from 1990 to 2015 in a world-wide context by testing for well-defined structural shifts. We focus on the part of the ratings that cannot be accounted using publicly available information. We test whether major financial events are conditioning, ex-post such changes Distinctively in this paper’s timespan our analysis covers four periods: (i) before and (ii) after the 2001–2 corporate collapses, followed by (iii) before the global financial crisis and (iv) after the global financial crisis. We find substantial differences in the assignment of bank credit ratings among the three major agencies, Moody’s, Fitch, and S&P. Agencies differ both in terms of re-adjustment of ratings but also on the speed of response to the evens. All three agencies tightened ratings during the 2008 crisis and kept reducing them in its aftermath.

Research Article
13
10.1016/j.jfs.2024.101266

Desirable banking competition and stability

May 10, 2024
Journal of Financial Stability
Jonathan Benchimol + 1 more +1

Research Article
1
10.1016/j.jfs.2024.101263

Excessive bank risk-taking in an infinite horizon economy

Apr 29, 2024
Journal of Financial Stability
Jorge Pozo

Research Article
3
10.1016/j.jfs.2024.101251

Cryptocurrency use and tax collections: Direct and indirect channels of influence

Mar 18, 2024
Journal of Financial Stability
Rajeev K Goel + 1 more +1

Research Article
17
10.1016/j.jfs.2024.101221

Spillovers in Europe: The role of ESG

Feb 02, 2024
Journal of Financial Stability
Karoline Bax + 2 more +2

Research Article
9
10.1016/j.jfs.2024.101220

Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures

Jan 24, 2024
Journal of Financial Stability
John W Goodell + 4 more +4

Research Article
8
10.1016/j.jfs.2023.101193

How does the repo market behave under stress? Evidence from the COVID-19 crisis

Dec 07, 2023
Journal of Financial Stability
Anne-Caroline Hüser + 2 more +2

Research Article
29
10.1016/j.jfs.2023.101188

Central bank digital currencies and financial stability in a modern monetary system

Oct 07, 2023
Journal of Financial Stability
David Tercero-Lucas

Research Article
2
10.1016/j.jfs.2023.101161

Bank solvency stress tests with fire sales

Jul 20, 2023
Journal of Financial Stability
Thomas Breuer + 2 more +2