This study investigates the Green premium of the Korean stock market. We apply the two-factor equilibrium model developed by Pástor, Stambaugh, and Taylor (2021a), which is composed of the Market and Green factors. The Green factor premium of the Korean stock market is estimated to be negative...

This study examines whether different patterns of change to the benchmark interest rates of central banks are associated with their contributions to variances in the forecast errors of three financial market variables: the long-term interest rate, the foreign exchange rate, and the stock market...

This study utilizes new data across countries on bank supervision for the years 1999-2016 to examine the impact of supervisory powers and institutional changes in supervision. It examineskey characteristics of the banking sector, such as banking sector fragility, bank stability, activity...

This study investigates the determinants of household participation in credit markets in Malawi using merged comprehensive data from the Integrated Household Survey. We find that larger family sizes increase the probability of households accessing credit from village banks, and that higher...

This study uses a newly built dataset drawn from more than 850 monetary policy statements (MPSs) from 21 developing countries to investigate the association between clarity of monetary policy communication and financial market volatilities. Our results show that the MPS clarity is negatively and...

Department: Economics.

This study examines whether different patterns of change to the benchmark interest rates of central banks are associated with their contributions to variances in the forecast errors of three financial market variables: the long-term interest rate, the foreign exchange rate, and the stock market...

Korean Abstract: 본고에서는 텍스트 마이닝 등 인공지능 분석 기법을 활용하여 북한 학술지 「경제연구」의 제목에서 유추할 수 있는 북한 경제정책 변화를 분석해 보았다. 「경제연구」에 수록된 논문을 김일성, 김정일,...