Making sense of uncertainty: An application to the Scandinavian banking sector
研究了2005-2018年间全球、区域和本地不确定性对七家最大斯堪的纳维亚银行的影响，发现瑞典银行是区域传染的主要来源，且不确定性加剧时溢出效应增加。
Abstract We study the impact of different sources of global, regional and local uncertainty on the seven largest Scandinavian banks over the period 2005–2018. Using a spillover approach and network analysis, we find that Swedish banks are the main source of contagion in the region and spillovers tend to increase in times of heightened uncertainty. Global economic policy uncertainty, global financial uncertainty and local housing market uncertainty affect the Scandinavian banking sector the most. By contrast, geopolitical risk spillovers are limited.