Editor’s introduction

Financial Stability and Risk ManagementCunado et al. ( 2024) analyze pre-and post-COVID-19 energy and metal price links, finding stronger interconnectedness post-pandemic.Initially, crude oil drove shocks, shifting to heating oil, gold, and silver during COVID-19, with natural gas and palladium as key receivers.Results indicate fewer hedging opportunities and a shift in crude oil's role during crises.Mba (2024) evaluates systemic risk using CoVaR, vine copula, and APARCH-DCC, highlighting its robustness and the notable systemic risk in cryptocurrency portfolios, advocating for diverse methods to enhance risk assessment accuracy.Polat (2024) studies US sectoral returns (2020-2023) with TVP-VAR, revealing strong interconnectivity, negative spillovers, the industry sector's key role in shock transmission, and portfolio strategies' effectiveness in managing asymmetries for risk and optimization.Wang and Zhou (2024) create a workflow to predict China's systemic financial crisis and analyze macroeconomic impacts, providing crucial crisis prediction tools for policymakers to improve financial stability.Ullah et al. ( 2024) examine governance and macroeconomic impacts on financial stability in 122 countries (2013-2020), revealing positive effects from interest rates, GDP growth, and governance, but negative from inflation and the rule of law, underscoring the importance of regulatory governance and macroeconomic health.Mozumder et al. (2024) analyze Lévy vs. extreme value models with 2007-08 crisis data, indicating EV's simplicity may not always outperform Lévy's complexity, stressing a need to balance simplicity with adequacy for effective risk management.D' Amico et al. (2024) explore market crisis risk indicators using high-frequency Nasdaq data, comparing drawdown measures to unveil insights on liquidity risk.Feder-Sempach et al. (2024) study gold, bitcoin, and currencies in crises with a volatility model, identifying the Japanese yen as the top safe-haven and creating a new safehaven asset classification.Laborda et al. (2024) link ETFs to equity bubbles and market