Sovereign risk and the impact of crisis: Evidence from Latin America

Batten, Jonathan A.; Gannon, Gerard; Thuraisamy, Kannan

doi:10.1016/j.jbankfin.2016.07.011

Cited by 7 publications

(5 citation statements)

References 67 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Systemic risk and risk management is an integral part of the modern-day banking system. The contagious nature of systemic risk and its enormous influence on financial health and stability of the world are considered an essential part of the contemporary monetary environment (Kenourgios et al, 2016;Yarovaya et al, 2020;Kahlert et al, 2017), where the contagion of systemic risk can be defined as a "financial value or liquidity shock" which spreads from one to another organization of the structure (Hasman, 2013;Dasgupta, 2004;Cifuentes et al, 2005;Baker et al, 2016;Batten et al, 2017). In this regard, different authors have taken different approaches to determine the effect of this crucial topic.…”

Section: Introductionmentioning

confidence: 99%

Systemic risk contagion within US states

Choudhury

Daly

2021

SEF

View full text Add to dashboard Cite

Purpose This study aims to examine the systemic risk contagion in banks from 15 US states using extreme shocks in their distance to risk. Design/methodology/approach The authors contemplate a model that inputs co-exceedances in the base US states’ banking sector as the dependent variable and the co-exceedances in other states’ banking sector (along with other underlying variables of a banking system) as the explanatory variables. Findings The authors find smaller states transmit and receive more systemic shocks than their larger counterparts and larger states exhibit a better shock-resisting capacity than their smaller counterparts. The authors also find that bigger shocks are more contagious than the smaller shocks. Originality/value This will be the first paper that will investigate the inner linkage of US states’ banking network using three different distance to risk methods, thus providing timely guidance for regulators.

show abstract

Section: Introductionmentioning

confidence: 99%

Systemic risk contagion within US states

Choudhury

Daly

2021

SEF

View full text Add to dashboard Cite

show abstract

“…In the second stage, we measure the risk spillover from the GFI index of COVID-19 to metal and energy markets using the BEKK-MGARCH model of Engle and Kroner (1995) . Several studies have employed the BEKK-GARCH model to examine the volatility transmission between different types of markets ( Sadorsky, 2012 ; Arouri et al, 2015 ; Khalfaoui et al, 2015 ; Batten et al, 2017 ; Katsiampa et al, 2019 ; Yu et al, 2020 ; Yousaf and Ali, 2021 ). The main advantage of the BEKK-GARCH model is the positive definiteness of the variance-covariance matrix.…”

Section: Methodsmentioning

confidence: 99%

Risk transmission from the COVID-19 to metals and energy markets

Yousaf

2021

Resources Policy

View full text Add to dashboard Cite

“…A review of research on CM in Latin America published in scientific journals suggests that this topic is underresearched in general and with regard to SMEs in particular. There is research on crises in Latin America, with a primary focus on economic crises (Remmer, 1990; John, 2019); financial crises in particular (Fischer, 1987; Ito, 2004; Batten et al , 2017), social and ecological crises (Galafassi, 2002; Liodakis, 2018) or political crises (Melo, 2016). As regards financial crises, this special attention in the literature is not surprising, considering that Latin American has experienced many financial crises (Chin, 2010).…”

Section: Literature Backgroundmentioning

confidence: 99%

Peruvian small and medium-sized enterprises and COVID-19: Time for a new start!

Durst

Acuache

Bruns

2021

JEEE

View full text Add to dashboard Cite

Purpose Crises of any type have become an integral part of business activity and responses to them could make the difference between survival and failure. This applies in particular to small and medium-sized enterprises (SMEs). Taking the coronavirus (COVID-19) pandemic as a starting point, this study aims to investigate how Peruvian SMEs have been coping with COVID-19 so far. Based on that a conceptual framework is proposed which highlights the practice of SMEs trying to deal with a new type of crisis. Design/methodology/approach The study is based on an exploratory qualitative research design involving 25 semi-structured interviews conducted in Peruvian SMEs. Findings The findings demonstrate how the Peruvian firms studied to adapt to the new situation and initiate responses to increasing the chance of survival. Furthermore, the role of the companies’ decision-makers, as well as the role of crisis management and other related approaches in the companies are shown. Research limitations/implications The paper expands the underdeveloped body of knowledge regarding crisis management in Latin America in general and crisis management in SMEs by providing insight into how Peruvian SMEs perceive and adapt to the COVID-19 pandemic. Practical implications The findings presented in this paper have implications for both managers and managerial staff of SMEs but also for the people in charge of the curricula at universities and other teaching-focused institutes. Originality/value To the authors’ knowledge, this is the first empirical study of crisis management on the impacts of COVID-19 with a dedicated focus on SMEs from Latin America. It provides fresh insight into current reactions to the Pandemic.

show abstract

Sovereign risk and the impact of crisis: Evidence from Latin America

Cited by 7 publications

References 67 publications

Systemic risk contagion within US states

Systemic risk contagion within US states

Risk transmission from the COVID-19 to metals and energy markets

Peruvian small and medium-sized enterprises and COVID-19: Time for a new start!

Contact Info

Product

Resources

About