This paper studies the impact of investor composition on the sovereign debt market. We
construct a data set of sovereign debt holdings by foreign and domestic bank, non-bank …

Tackling the fiscal policy-financial stability nexus is essential to ensure financial and hence
macroeconomic stability. In this paper, we review the literature on this topic and suggest how …

Sažetak This paper presents an analytical overview of the effects of inflation on government
revenues, expenditure and fiscal positions. Evidence for a range of countries from the …

We use an exogenous fiscal shock to identify the transmission of government risk to bank
lending due to banks holding government bonds. We illustrate with a theoretical model that …

This study investigates the relationship between credit risk and bank exposure to sovereign
debt. Using an international dataset of commercial banks from 2002 to 2022, we apply …

Banks' management of interest rate risk depends on their business model as well as the
environment in which they operate 1. In comparison with banks in many advanced …

This paper examines if gold is a High-Quality Liquid Asset (HQLA) based on the criteria set
by the Basel Committee on Banking Supervision. We describe fundamental and market …

Banks' management of interest rate risk depends on their business model as well as the
environment in which they operate. In comparison with banks in many advanced economies …

This paper investigates the effects of monetary policy on the simultaneous adjustments in
asset portfolio risk and capital of banks amidst the uncertainty of the COVID‐19 pandemic …

We develop a daily measure of Chinese monetary policy shocks that incorporates both
quantity and interest rate-based policy changes. Our shock measure serves as a sufficient …