Is financial institutions’ stability of BRICS block responsive to uncertain dimensions?

References

• Aboura, S., & van Roye, B. (2017). Financial stress and economic dynamics: The case of France. International Economics, 1491, 57–13. https://doi.org/10.1016/j.inteco.2016.11.001
   Google Scholar
• Aftab, R., Naveed, M., & Hanif, S. (2021). An analysis of Covid-19 implications for SMEs in Pakistan. Journal of Chinese Economic and Foreign Trade Studies, 14(1), 74–88. https://doi.org/10.1108/JCEFTS-08-2020-0054
   Web of Science ®Google Scholar
• Al-Thaqeb, S. A., & Algharabali, B. G. (2019). Economic policy uncertainty: A literature review. The Journal of Economic Asymmetries, 20(C), e00133. https://doi.org/10.1016/j.jeca.2019.e00133
   Google Scholar
• Apergis, N., Bonato, M., Gupta, R., & Kyei, C. (2018). Does geopolitical risks predict stock returns and volatility of leading defense companies? Evidence from a nonparametric approach. Defence and Peace Economics, 29(6), 684–696. https://doi.org/10.1080/10242694.2017.1292097
   Web of Science ®Google Scholar
• Apostolakis, G., & Papadopoulos, A. P. (2015). Financial stress spillovers across the banking, securities and foreign exchange markets. Journal of Financial Stability, 19(C), 1–21. https://doi.org/10.1016/j.jfs.2015.05.003
   Google Scholar
• Apostolakis, G., & Papadopoulos, A. P. (2019). Financial stability, monetary stability and growth: A PVAR analysis. Open Economies Review, 30(1), 157–178. https://doi.org/10.1007/s11079-018-9507-y
   Web of Science ®Google Scholar
• Aysan, A. F., Demir, E., Gozgor, G., & Lau, C. K. M. (2019). Effects of the geopolitical risks on Bitcoin returns and volatility. Research in International Business and Finance, 47, 511–518. https://doi.org/10.1016/j.ribaf.2018.09.011
   Web of Science ®Google Scholar
• Bai, L., Wei, Y., Wei, G., Li, X., & Zhang, S. (2020). Infectious disease pandemic and permanent volatility of international stock markets: A long-term perspective. In Finance research letters (pp. 101709).
   Google Scholar
• Baig, A. S., Butt, H. A., Haroon, O., & Rizvi, S. A. R. (2021). Deaths, panic, lockdowns and US equity markets: The case of COVID-19 pandemic. Finance Research Letters, 38, 101701. https://doi.org/10.1016/j.frl.2020.101701
   PubMed Web of Science ®Google Scholar
• Baker, S. R., Bloom, N., Davis, S. J., Kost, K. J., Sammon, M. C., & Viratyosin, T. (2020). The unprecedented stock market impact of COVID-19 (No. w26945). National Bureau of Economic Research.
   Google Scholar
• Baum, C. F., Caglayan, M., & Xu, B. (2018). The impact of uncertainty on financial institutions (No. 939). Boston College Department of Economics.
   Google Scholar
• BenSaïda, A., Litimi, H., & Abdallah, O. (2018). Volatility spillover shifts in global financial markets. Economic Modelling, 73(C), 343–353. https://doi.org/10.1016/j.econmod.2018.04.011
   Google Scholar
• Berndsen, R. J., Leon, C., & Renneboog, L. (2018). Financial stability in networks of financial institutions and market infrastructures. Journal of Financial Stability, 35(C), 120–135. https://doi.org/10.1016/j.jfs.2016.12.007
   Google Scholar
• Borch, K. H. (2015). The economics of uncertainty. (PSME-2) (Vol. 2). Princeton University Press.
   Google Scholar
• Bouri, E., Demirer, R., Gupta, R., & Pierdzioch, C. (2020). Infectious diseases, market uncertainty and oil market volatility. Energies, 13(16), 4090. https://doi.org/10.3390/en13164090
   Web of Science ®Google Scholar
• Caglayan, M., & Xu, B. (2019). Economic policy uncertainty effects on credit and stability of financial institutions. Bulletin of Economic Research, 71(3), 342–347. https://doi.org/10.1111/boer.12175
   Web of Science ®Google Scholar
• Čihák, M., & Hesse, H. (2010). Islamic banks and financial stability: An empirical analysis. Journal of Financial Services Research, 38(2–3), 95–113. https://doi.org/10.1007/s10693-010-0089-0
   Web of Science ®Google Scholar
• Davis, S. J. (2016). An index of global economic policy uncertainty (No. w22740). National Bureau of Economic Research.
   Google Scholar
• Gilchrist, S., Sim, J. W., & Zakrajšek, E. (2014). Uncertainty, financial frictions, and investment dynamics (No. w20038). National Bureau of Economic Research.
   Google Scholar
• Gkillas, K., Gupta, R., & Pierdzioch, C. (2020). Forecasting realized gold volatility: Is there a role of geopolitical risks? Finance Research Letters, 35(4), 101280. https://doi.org/10.1016/j.frl.2019.08.028
   Google Scholar
• Gozgor, G., Lau, C. K. M., & Bilgin, M. H. (2016). Commodity markets volatility transmission: Roles of risk perceptions and uncertainty in financial markets. Journal of International Financial Markets, Institutions and Money, 44(C), 35–45. https://doi.org/10.1016/j.intfin.2016.04.008
   Google Scholar
• Jones, J. S., Lee, W. Y., & Yeager, T. J. (2012). Opaque banks, price discovery, and financial instability. Journal of Financial Intermediation, 21(3), 383–408. https://doi.org/10.1016/j.jfi.2012.01.004
   Web of Science ®Google Scholar
• Kannadhasan, M., & Das, D. (2020). Do Asian emerging stock markets react to international economic policy uncertainty and geopolitical risk alike? A quantile regression approach. Finance Research Letters, 34(C), 101276. https://doi.org/10.1016/j.frl.2019.08.024
   Google Scholar
• Kilgo, D. K., Yoo, J., & Johnson, T. J. (2018). Spreading Ebola panic: Newspaper and social media coverage of the 2014 Ebola health crisis. Health communication, 34(8), 811–817 .
   PubMed Web of Science ®Google Scholar
• Lee, -C.-C., & Wang, C.-W. (2021). Firms’ cash reserve, financial constraint, and geopolitical risk. Pacific-Basin Finance Journal, 65, 101480. https://doi.org/10.1016/j.pacfin.2020.101480
   Web of Science ®Google Scholar
• Lee, C. C., Lee, C. C., Zeng, J. H., & Hsu, Y. L. (2017). Peer bank behavior, economic policy uncertainty, and leverage decision of financial institutions. Journal of Financial Stability, 30(C), 79–91. https://doi.org/10.1016/j.jfs.2017.04.004
   Google Scholar
• Li, Y., Liang, C., Ma, F., & Wang, J. (2020). The role of the IDEMV in predicting European stock market volatility during the COVID-19 pandemic. Finance Research Letters, 36(C), 101749. https://doi.org/10.1016/j.frl.2020.101749
   PubMedGoogle Scholar
• Ozcelebi, O. (2020). Assessing the impacts of financial stress index of developed countries on the exchange market pressure index of emerging countries. International Review of Economics & Finance, 70(C), 288–302. https://doi.org/10.1016/j.iref.2020.07.012
   Google Scholar
• Phan, D. H. B., Iyke, B. N., Sharma, S. S., & Affandi, Y. (2021). Economic policy uncertainty and financial stability–Is there a relation? Economic Modelling, 94(1), 1018–1029. https://doi.org/10.1016/j.econmod.2020.02.042
   Google Scholar
• Ramasamy, R., & Abar, S. K. (2015). Influence of macroeconomic variables on exchange rates. Journal of Economics, Business and Management, 3(2), 276–281. https://doi.org/10.7763/JOEBM.2015.V3.194
   Google Scholar
• Sabaté, I. (2016). The Spanish mortgage crisis and the re-emergence of moral economies in uncertain times. History and Anthropology, 27(1), 107–120. https://doi.org/10.1080/02757206.2015.1111882
   Web of Science ®Google Scholar
• Smets, F. (2018). Financial stability and monetary policy: How closely interlinked? International Journal of Central Banking, 10(2) , 35.
   Google Scholar
• Villarreal, P. A. (2020). Public health emergencies and constitutionalism before COVID-19: Between the national and the international. In Albert, Richard, & Roznai, Yaniv, Constitutionalism under extreme conditions (pp. 217–238). Springer.
   Google Scholar
• Zhang, D., Lei, L., Ji, Q., & Kutan, A. M. (2019). Economic policy uncertainty in the US and China and their impact on the global markets. Economic Modelling, 79(C), 47–56. https://doi.org/10.1016/j.econmod.2018.09.028
   Google Scholar