Fang, Yi; Wang, Yanru; Wang, Qi; Zhao, Yang - 2022
systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and … robust evidence that policy uncertainty is negatively associated with bank tail risk but positively related to systemic … linkage. When policy uncertainty increases, banks tend to perform less risk-taking activities but with more homogeneous …