Using data from the Bucharest Stock Exchange, we examine the factors influencing the probability of informed trading (PIN) during February-October 2020, a COVID-19 pandemic period. Based on an unconditional quantile regression approach, we show that PIN exhibit asymmetric dependency with...

In this paper, we investigate how climate risk impacts the sovereign risk, the stock market evolution, and the degree of competitiveness, starting from the macroeconomic and financial effects globally produced by climate change. Using both quantile and logistic regression and a sample of 22...