The sovereign debt crisis in the euro area has not yet been solved and recent developments in Spain and Italy have further deteriorated the situation. In this paper we develop a new approach to analyze the ongoing Eurozone crisis. Firstly, we use Maximum Spanning Trees to analyze the topological...

Economic complexity can be defined as the level of interdependence between the component parts of an economy. In input--output systems interindustry connectedness is a crucial feature of analysis, and there are many different methods of measuring it. Most of the measures however, have important...

This paper investigates the common intuition suggesting that during crises the shape of the financial market clearly differentiates from that of random walk processes. In this sense, it challenges the traditional analysis of the nature of financial markets implicit in the most popular models....

An integrated methodology for evaluation of overwash vulnerability is developed with respect to the historical washover evolution of a barrier island system. Three different aspects of overwash are addressed in the vulnerability indices developed: overwashed shoreline ratio, maximum overwash...

This study examines the association between firms' environmental, social, and governance (ESG) performance and the cost of capital for the largest European firms listed on the STOXX Euro 600 in a large panel from 2002 to 2018. We find that ESG is priced by both debt and equity markets, although...