Journal of Financial Stability

Papers
(The median citation count of Journal of Financial Stability is 3. 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 2021-04-01 to 2025-04-01.)
ArticleCitations
Bank diversity and financial contagion253
The ECB’s APP’s impact on non-financial firms’ cost of borrowing and debt choice215
Firm-level political risk and stock price crashes178
Digital currencies in financial networks168
Banking and macro risks155
Bank capital requirements and risk-taking: Evidence from basel III135
Does digital transformation enhance bank soundness? Evidence from Chinese commercial banks129
Unlocking strategic alliances: The role of common institutional blockholders in promoting collaboration and trust128
Institutional ownership and bank failure102
Political governance and firm performance in China: Evidence from a quasi-natural experiment91
Low-carbon city initiatives and analyst behaviour: A quasi-natural experiment90
Bank credit, inflation, and default risks over an infinite horizon85
Affiliated bankers on board and firm environmental management: U.S. evidence76
In Memoriam Dr. Chris Tsoumas (25 December 1964-1 April 2021)65
Hastily announced: Mergers and acquisitions with pledging shareholders65
Credit market development and corporate earnings management: Evidence from banking and branching deregulations63
Financial contracting as behavior towards risk: The corporate finance of business cycles63
Editorial Board59
Editorial Board56
Bank capital shortfall in the euro area54
Editorial Board52
Auditor certification and long-run performance of IPO stocks51
Editorial Board48
Bank bailouts and economic growth: Evidence from cross-country, cross-industry data45
Lender individualism and monitoring: Evidence from syndicated loans44
Societal trust and corporate bankruptcy42
Loan guarantees in a crisis: An antidote to a credit crunch?40
Exchange rate shocks in multicurrency interbank markets39
Does political influence distort banking regulation? Evidence from the US39
Bank ownership and capital buffers: How internal control is affected by external governance38
Economic uncertainty and corruption: Evidence from public and private firms38
Common ownership and bank stability: Evidence from the U.S. banking industry35
New insights into bank asset securitization: The impact of religiosity35
The SKEW index: Extracting what has been left35
Optimal capital ratios for banks in the euro area35
Inflation targeting and financial conditions: UK monetary policy during the great moderation and financial crisis34
Sovereign risk spillovers: A network approach34
Bank credit risk and macro-prudential policies: Role of counter-cyclical capital buffer33
Who consumes the credit union subsidies?32
Bank risk-taking in emerging economies: Empirical evidence and theory31
A note on regulatory responses to COVID-19 pandemic: Balancing banks’ solvency and contribution to recovery30
International transmission of monetary policy shocks and the bank lending channel: Evidence from Australia29
The impact of gender diversity on shareholder wealth: Evidence from European bank M&A29
Does climate risk influence analyst forecast accuracy?28
Government debt and stock price crash risk: International Evidence28
How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm27
A survival analysis of public guaranteed loans: Does financial intermediary matter?27
Funding deposit insurance25
The drivers of cyber risk25
The macroeconomic costs of the bank tax25
Optimal monetary policy under bounded rationality23
CAFR 1999–2021, the past two decades and a look ahead22
Funding liquidity creation by banks22
What is mine is yours: Sovereign risk transmission during the European debt crisis21
High water, no marks? Biased lending after extreme weather21
Three green financial policies to address climate risks20
What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures20
The impact of country- and firm-level governance on capital allocation efficiency: New evidence from India20
Central banks’ corporate asset purchase programmes and risk-taking by bond funds in the aftermath of market stress19
Does headquarters location matter in corporate tax avoidance?18
Strategic alliances and shared auditors18
Monetary policy uncertainty and corporate cash holdings: Evidence from China17
Systemic risk and CO2 emissions in the U.S.16
Euro area banking and monetary policy shocks in the QE era16
Editorial Board16
Internationalization, foreign complexity and systemic risk: Evidence from European banks16
Too big to fail? Asymmetric effects of quantitative easing15
Liquidity risk and bank performance during financial crises15
Political spending, related voluntary disclosure, and the cost of public debt15
Risk shifting and regulatory arbitrage: Evidence from operational risk15
Digital transformation and debt financing cost: A threefold risk perspective15
When banks become pure creditors: The effects of declining shareholding by Japanese banks on bank lending and firms’ risk-taking15
Do repeated government infusions help financial stability? Evidence from an emerging market14
Macroprudential policy and systemic risk in G20 nations14
Capital controls in China: A necessity for macroeconomic stability14
A dealer’s funding liquidity risk and its money market trades in the 2007/08 crisis14
International financial stress spillovers during times of unconventional monetary policy interventions13
How organizational and geographic complexity influence performance: Evidence from European banks13
Economic policy uncertainty and allocative distortions13
Editorial Board12
Temporal networks and financial contagion12
Financial intermediation and the supply of liquidity12
Bank resolution mechanisms revisited: Towards a new era of restructuring12
Does lending relationship help or alleviate the transmission of liquidity shocks? Evidence from a liquidity crunch in China12
Market reaction to the expected loss model in banks12
Default risk premium and asset prices12
Editorial Board11
Bank solvency stress tests with fire sales11
Crises, lending and regulations11
Doing good in periods of high uncertainty: Economic policy uncertainty, corporate social responsibility, and analyst forecast error11
Portfolio choice algorithms, including exact stochastic dominance11
Opportunities and challenges associated with the development of FinTech and Central Bank Digital Currency11
An investigation into feedback and spatial relationships between banks’ share prices and sovereign bond spreads during the euro crisis11
Global capital flows and the role of macroprudential policy11
Editorial Board11
The contribution of (shadow) banks and real estate to systemic risk in China11
Do sovereign-bond issuers learn from peers?11
Bank competition and credit risk: The case of Peru11
The impact of political uncertainty on institutional ownership11
Corporate debt and unconventional monetary policy: The risk-taking channel with bond and loan contracts11
Media, reputational risk, and bank loan contracting11
The leverage ratio, risk-taking and bank stability10
How are network centrality metrics related to interest rates in the Mexican secured and unsecured interbank markets?10
Volatile safe-haven asset: Evidence from Bitcoin10
Leaving the darkness: The emergence of shadow banks10
Banking research in the time of COVID-1910
Two decades of contagion effect on stock markets: Which events are more contagious?10
Bank interconnectedness and financial stability: The role of bank capital10
Deal! Market reactions to the agreement on the EU Covid-19 recovery fund10
Hierarchical contagions in the interdependent financial network9
Accounting for climate transition risk in banks’ capital requirements9
The pass-through of bank capital requirements to corporate lending spreads9
Stock price crash risk and firms’ operating leverage9
Sowing the seeds of financial imbalances: The role of macroeconomic performance9
Bank capital, liquidity creation and the moderating role of bank culture: An investigation using a machine learning approach9
Decentralization illusion in Decentralized Finance: Evidence from tokenized voting in MakerDAO polls9
Asset securitization, cross holdings, and systemic risk in banking8
Insider pledging in the U.S.8
Easy cleanups or forbearing improvements: The effect of CEO tenure on successor’s performance8
Zero-risk weights and capital misallocation8
The sale of failed banks: The importance of their branch networks and of the acquirers’ financial strength8
Hedging inflation expectations in the cryptocurrency futures market8
Political uncertainty and analysts’ forecasts: International evidence8
Early warning systems using dynamic factor models: An application to Asian economies7
Measuring the systemic importance of banks7
Climate risks and weather derivatives: A copula-based pricing model7
Uncertainty of uncertainty and firm cash holdings7
Bank capital regulation and risk after the Global Financial Crisis7
The impact of COVID-19 on sovereign contagion7
Macroprudential policy in central banks: Integrated or separate? Survey among academics and central bankers7
Financing firms in hibernation during the COVID-19 pandemic7
Economic uncertainty and bank stability: Conventional vs. Islamic banking7
Are green loans less risky? Micro-evidence from a European Emerging Economy7
Milton Friedman on bailouts6
International coordination of macroprudential policies with capital flows and financial asymmetries6
Editorial Board6
Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil6
Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?6
Editorial Board6
Ownership and bank efficiency in Africa: True fixed effects stochastic frontier analysis6
The demand for central clearing: To clear or not to clear, that is the question!6
Editorial Board6
Did the Basel Process of capital regulation enhance the resiliency of European banks?6
Editorial Board5
Editorial Board5
Deposit insurance and credit union lending5
Mispricing of debt expansion in the eurozone sovereign credit market5
In Memoriam - Phil Molyneux5
Editorial Board5
“Thank me later”: Why is (macro)prudence desirable?5
CEO overconfidence and IRS attention5
Deposit insurance and market discipline5
Reinforcement learning policy recommendation for interbank network stability5
Sudden yield reversals and financial intermediation in emerging markets4
Bank deregulation and corporate social responsibility4
On the optimal control of interbank contagion in the euro area banking system4
Liquidity and bank capital structure4
CEO power, bank risk-taking and national culture: International evidence4
Institutional mandates for macroeconomic and financial stability4
Am I riskier if I rescue my banks? Beyond the effects of bailouts4
Social responsibility and bank resiliency4
Digital payments and bank competition4
Editorial Board4
Sovereign portfolio composition and bank risk: The case of European banks4
Investor information and bank instability during the European debt crisis4
Why are BHCs organized as parent-subsidiaries? How do they grow in value?4
Climate change and financial systemic risk: Evidence from US banks and insurers4
Small business lending and the bank-branch network4
The impact of short selling on dividend smoothing4
Bank runs and media freedom: What you don’t know won’t hurt you?4
The impact of G-SIB identification on bank lending: Evidence from syndicated loans4
Growth-at-risk and macroprudential policy design4
Financial risks, monetary policy in the QE era, and regulation4
Direct and indirect impacts of natural disasters on banks: A spatial framework4
Bank capital and the cost of equity4
The impact of the coronavirus crisis on the market price of risk4
The benefits are at the tail: Uncovering the impact of macroprudential policy on growth-at-risk3
National culture and bank liquidity creation3
The digital dilemma: Corporate digital transformation and default risk3
Asset redeployability and green innovation3
The pricing of green bonds: Are financial institutions special?3
The double materiality of climate physical and transition risks in the euro area3
The impact of Bank of Japan’s exchange-traded fund purchases3
Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments3
A thousand words tell more than just numbers: Financial crises and historical headlines3
A network approach to interbank contagion risk in South Africa3
What’s in a name? Leaders’ names, compensation, and firm performance3
Editorial Board3
Fintech: what’s old, what’s new?3
Climate change exposure, financial development, and the cost of debt: Evidence from EU countries3
Why do banks target ROE?3
A simple model of a central bank digital currency3
A Bayesian approach for more reliable tail risk forecasts3
Too-systemic-to-fail: Empirical comparison of systemic risk measures in the Eurozone financial system3
Lending standards and output growth3
When bad news is good news: Geopolitical risk and the cross-section of emerging market stock returns3
Regulating rating agencies: A conservative behavioural change3
Community bank liquidity: Natural disasters as a natural experiment3
ESG investing: A chance to reduce systemic risk3
Stock liquidity and corporate climate performance: evidence from China3
High liquidity creation and bank failures3
Economic policy uncertainty and cross-border mergers and acquisitions3
Analyzing and forecasting China's financial resilience: Measurement techniques and identification of key influencing factors3
Investor flows, performance, and fragility of U.S. municipal bond mutual funds3
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