This article presents an analysis of the literature on systemic financial risk. To that end, we
analyze and classify 266 articles that were published no later than September 2016 in the …

The study of financial stability is a highly expansive and significant area of academic inquiry.
However, traditional literature reviews are often constrained in their scope as they tend to …

This study analyzes the volatility impact of the Chicago Board Options Exchange Volatility
Index (VIX) on the global banking sector during the Global Financial Crisis (GFC), COVID …

Financialization is one of the most innovative concepts to emerge in the field of political
economy during the last three decades, although there is no agreement on what exactly it is …

This paper examines the factors contributing to the rapid collapse of Silicon Valley Bank,
once regarded as one of the best banks. We show that the bank invested heavily in debt …

In recent years, there have been increasing efforts in the corporate world to invest in risk
management and governance processes. In this paper, we examine the impact of Enterprise …

This paper studies reaching for yield—investors' propensity to buy riskier assets to achieve
higher yields—in the corporate bond market. We show that insurance companies reach for …

An increase in credit supply driven by looser lending constraints in the mortgage market is
the key force behind four empirical features of the housing boom before the Great …

This paper develops the building blocks for a legal theory of finance. LTF holds that financial
markets are legally constructed and as such occupy an essentially hybrid place between …

We analyze asset-backed commercial paper conduits, which experienced a shadow-
banking run and played a central role in the early phase of the financial crisis of 2007–2009 …