All Outputs (2)

The perfect bail-in: Financing without banks using peer-to-peer lending (2023)
Journal Article
Polyzos, E., Samitas, A., & Rubbaniy, G. (in press). The perfect bail-in: Financing without banks using peer-to-peer lending. International Journal of Finance and Economics, https://doi.org/10.1002/ijfe.2838

We explore the potential outcomes for financial stability when using peer-to-peer lenders to finance economic activity. Combining Random Regression Forests, a machine-learning process, with an agent-based model, we perform simulations on artificial e... Read More about The perfect bail-in: Financing without banks using peer-to-peer lending.

Cyclicality of liquidity creation: Nonlinear evidence from US bank holding companies (2023)
Journal Article
Rubbaniy, G., Khalid, A. A., Ali, S., & Polyzos, S. (2023). Cyclicality of liquidity creation: Nonlinear evidence from US bank holding companies. Journal of Financial Research, 46(4), 1165-1185. https://doi.org/10.1111/jfir.12352

Using a panel smooth transition regression framework on a new proxy of the business cycle (BC) index and quarterly data of US bank holding companies from 1993Q1 to 2020Q1, our results provide empirical support for the theory that the BC has a nonline... Read More about Cyclicality of liquidity creation: Nonlinear evidence from US bank holding companies.