OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Financial Stability is 9. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2020-11-01 to 2024-11-01.)

Article	Citations
The pricing of green bonds: Are financial institutions special?	182
Climate risks and financial stability	180
Fintech: what’s old, what’s new?	149
Financing firms in hibernation during the COVID-19 pandemic	149
Climate risk and financial stability in the network of banks and investment funds	117
ESG investing: A chance to reduce systemic risk	104
What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures	103
Three green financial policies to address climate risks	103
Climate sentiments, transition risk, and financial stability in a stock-flow consistent model	87
Banking research in the time of COVID-19	81
Environmental regulation and the cost of bank loans: International evidence	71
When bad news is good news: Geopolitical risk and the cross-section of emerging market stock returns	64
Quantification of systemic risk from overlapping portfolios in the financial system	64
Economic uncertainty and bank stability: Conventional vs. Islamic banking	63
Do banks fuel climate change?	61
How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis	54
Credit policy and its heterogeneous effects on green innovations	52
Uncertainty of uncertainty and firm cash holdings	50
Commodity prices co-movements and financial stability: A multidimensional visibility nexus with climate conditions	49
Pricing climate-related risks in the bond market	49
Two decades of contagion effect on stock markets: Which events are more contagious?	47
The drivers of cyber risk	44
Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments	42
Central bank digital currency: A review and some macro-financial implications	42
Debt rollover risk, credit default swap spread and stock returns: Evidence from the COVID-19 crisis	41

How economic policy uncertainty affects the cost of raising equity capital: Evidence from seasoned equity offerings	39
Low-carbon city initiatives and firm risk: A quasi-natural experiment in China	39
The benefits are at the tail: Uncovering the impact of macroprudential policy on growth-at-risk	36
Doing good in periods of high uncertainty: Economic policy uncertainty, corporate social responsibility, and analyst forecast error	35
Bank liquidity creation, network contagion and systemic risk: Evidence from Chinese listed banks	34
Customer concentration and corporate risk-taking	34
The impact of organization capital on firm innovation	32
A survival analysis of public guaranteed loans: Does financial intermediary matter?	30
Media, reputational risk, and bank loan contracting	29
Climate change financial risks: Implications for asset pricing and interest rates	28
Economic policy uncertainty and earnings management: Evidence from Japan	28
Risk spillovers and interconnectedness between systemically important institutions	27
Liquidity risk and bank performance during financial crises	27
The impact of the coronavirus crisis on the market price of risk	27
Systemic risk-efficient asset allocations: Minimization of systemic risk as a network optimization problem	27
Economic policy uncertainty and cross-border mergers and acquisitions	27
Vulnerable asset management? The case of mutual funds	26
The leverage ratio, risk-taking and bank stability	25
High water, no marks? Biased lending after extreme weather	24
Macroprudential policy and its impact on the credit cycle	23
Common asset holdings and systemic vulnerability across multiple types of financial institution	22
National culture and bank liquidity creation	22
Money, privacy, anonymity: What do experiments tell us?	22
Systemic risk measures and regulatory challenges	22
Did the Basel Process of capital regulation enhance the resiliency of European banks?	21
Climate change and financial systemic risk: Evidence from US banks and insurers	21
Climate risks and weather derivatives: A copula-based pricing model	21
High liquidity creation and bank failures	20
Why do banks target ROE?	20
Economic uncertainty and corruption: Evidence from public and private firms	19
Bank capital regulation and risk after the Global Financial Crisis	19
Measuring the systemic importance of banks	19
Bank credit risk and macro-prudential policies: Role of counter-cyclical capital buffer	18
Consumer defaults and social capital	18
The SKEW index: Extracting what has been left	17
Internationalization, foreign complexity and systemic risk: Evidence from European banks	16
CoMap: Mapping Contagion in the Euro Area Banking Sector	16
Digital currencies in financial networks	15
A zero-risk weight channel of sovereign risk spillovers	15
Bank interconnectedness and financial stability: The role of bank capital	15
Is cloud computing the digital solution to the future of banking?	14
Insider pledging in the U.S.	14
Low-carbon city initiatives and analyst behaviour: A quasi-natural experiment	14
Firm-level political risk and distance-to-default	14
Economic policy uncertainty and allocative distortions	14
Economists in the 2008 financial crisis: Slow to see, fast to act	14
Systemic risk and CO2 emissions in the U.S.	14
The power of sentiment: Irrational beliefs of households and consumer loan dynamics	13
How organizational and geographic complexity influence performance: Evidence from European banks	13
Macroprudential policies and bank competition: International bank-level evidence	13

Does low synchronicity mean more or less informative prices? Evidence from an emerging market	13
Growth-at-risk and macroprudential policy design	13
New insights into bank asset securitization: The impact of religiosity	13
Bank capital and the cost of equity	12
A note on regulatory responses to COVID-19 pandemic: Balancing banks’ solvency and contribution to recovery	12
Ownership and bank efficiency in Africa: True fixed effects stochastic frontier analysis	11
From stress testing to systemic stress testing: The importance of macroprudential regulation	11
Inflation targeting and financial conditions: UK monetary policy during the great moderation and financial crisis	11
Forecasting Stock Market Crashes via Machine Learning	11
The contribution of (shadow) banks and real estate to systemic risk in China	11
The impact of political uncertainty on institutional ownership	11
Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?	11
The contribution of shadow insurance to systemic risk	11
The impact of gender diversity on shareholder wealth: Evidence from European bank M&A	11
Implications of public corruption for local firms: Evidence from corporate debt maturity	10
Do political connections shield from negative shocks? Evidence from rating changes in advanced emerging economies	10
The effectiveness of FX interventions: A meta-analysis	10
The positive side of bank wealth management products: Evidence from bank lending rate	10
Climate risks and financial stability: Evidence from the European financial system	9
Connected banks and economic policy uncertainty	9
Collateral Unchained: Rehypothecation networks, concentration and systemic effects	9
Does political influence distort banking regulation? Evidence from the US	9
ESG activity and bank lending during financial crises	9
Natural catastrophes and financial depth: An empirical analysis	9
Euro area banking and monetary policy shocks in the QE era	9
Sovereign risk spillovers: A network approach	9
COVID-19 as a stress test: Assessing the bank regulatory framework	9
The going-public decision and firm risk	9
The impact of G-SIB identification on bank lending: Evidence from syndicated loans	9
Bank ownership and capital buffers: How internal control is affected by external governance	9