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Woebbeking, Fabian - In: Digital Finance 3 (2021) 3-4, pp. 273-298

volatility. Our method addresses the challenging liquidity environment of this young asset class and allows us to extract stable …By computing a volatility index (CVX) from cryptocurrency option prices, we analyze this market's expectation of future … correction model can be used as an indicator for market implied tail-risk. Comparing our CVX to existing volatility benchmarks …

Persistent link: https://www.econbiz.de/10014501763

Measuring the climate risk exposure of insurers

Jung, Hyeyoon; Engle, Robert F.; Ge, Shan; Zeng, Xuran - 2023

Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and life insurance companies in the U.S. We construct a...

Persistent link: https://www.econbiz.de/10014480434

Does Campaign Finance imply Political Favors?

Claessens, Stijn; Feijen, Erik; Laeven, Luc - 2006

This paper provides empirical evidence that campaign contributions arestrongly associated with market expectations of future firm-specific political favors,including preferential access to external financing. Using a novel dataset, we find thatfirms in Brazil providing contributions in the 1998...

Persistent link: https://www.econbiz.de/10010325391

Fostering green finance for sustainable development in Asia

Volz, Ulrich - 2018

Placing the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from greenhouse gas, fossil fuel and natural resource intensive industries towards more resource efficient technologies and business models. The financial sector will have to...

Persistent link: https://www.econbiz.de/10011944198

The influence of the recent financial crisis on the financial situation of Polish listed companies

Róçzański, Jerzy; Kopczyński, Paweł - In: e-Finanse: Financial Internet Quarterly 13 (2017) 4, pp. 110-126

The recent financial crisis that began in 2007, also known as the Global Financial Crisis, had a huge influence on the financial situations of enterprises and financial institutions around the world. The situation on world stock markets was also strongly affected by the crisis. As the behavior...

Persistent link: https://www.econbiz.de/10012011828

The development of payment services as an example of disintermediation in the financial system

Alińska, Agnieszka; Czepirska, Izabela - In: e-Finanse: Financial Internet Quarterly 12 (2016) 2, pp. 60-73

The reasons for disintermediation on in the financial systems can be found on both sides of supply and demand. This progressing phenomenon is a result of numerous changes in the post-crisis financial sector landscape. In this article, the authors analyse the underlying causes of the shift away...

Persistent link: https://www.econbiz.de/10012011867

Symmetric and Asymmetric Volatility Clustering Via GARCH Family Models: An Evidence from Religion Dominant Countries

Khan, Muhammad Salman; Khan, Kanwal Iqbal; Mahmood, Shahid - In: Paradigms 13 (2019) 1, pp. 20-25

Volatility clustering and asymmetry are considered as an essential element in time series data analysis for portfolio … managers. This study is conducted to analyze the volatility clustering and asymmetry occurrence by employing different GARCH … findings of the study show that volatility clustering increases the asymmetric comportment of daily stock market returns. We …

Persistent link: https://www.econbiz.de/10012027052

The role of central banks in scaling up sustainable finance: What do monetary authorities in Asia and the Pacific think?

Durrani, Aziz; Volz, Ulrich; Rosmin, Masyitah - 2020

This paper presents the findings of a survey among 18 central banks from Asia and the Pacific regarding their views on and policies regarding sustainable finance. It also reviews recent developments in selected Asia and Pacific countries concerning sustainable finance to illustrate the actions...

Persistent link: https://www.econbiz.de/10012609994

Dynamic Information Acquisition, Comlementarity, and Market Liquidity

Cai, Zhifeng - 2020

interactions between information complementarity and market liquidity, in particular how market liquidity shapes information … complimentarity through the liquidity component in future stock returns. I find that i)information complementarity is always more … prominent in low-volatility financial market equilibrium; ii) information complementarity can be more prominent with less …

Persistent link: https://www.econbiz.de/10012663139

Regulierung der EU-Finanzmärkte

Schäfer, Dorothea - In: Wirtschaftsdienst 96 (2016) 8, pp. 563-570

Nach der Finanz-, Wirtschafts- und Verschuldungskrise sind erhebliche Regulierungsanstrengungen unternommen worden, um die Finanzmärkte robust zu machen. Nicht alle sind zielführend. So lässt sich beispielsweise der einheitliche Abwicklungsmechanismus (SRM) und die Abwicklungsrichtlinie...

Persistent link: https://www.econbiz.de/10011530905