Bertrand Candelon

Sovereign Rating News and Financial Markets Spillovers

Evidence from the European Debt Crisis

This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that...

Taming Financial Development to Reduce Crises

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial d...

How Did Markets React to Stress Tests?

We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a...

Systemic Implications of Financial Inclusion

This study contributes to the literature by analyzing the impact of financial inclusion (FI) on various bank risk dimensions, including systemic risk,...

Is FinTech Eating the Bank's Lunch?

This paper examines how the growing presence of FinTech firms affects the performance of traditional financial institutions. The findings point to a n...

Are there Spillover Effects From Munis?

This paper studies the spillover effects both within the bond markets for individual U.S. states and between the latter and the market for U.S. Treasu...

How Did Markets React to Stress Tests

We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a...