A financial market can be expressed in a network structure where the stocks resides as nodes and the links account for returns correlation. Centrality measure in the financial network structure captures firms' embeddedness and connectivity in the capital market structure. This paper investigates...

Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms is self regulation. In the context of self regulation, it is expected that financial intermediaries may internally develop risk management rules, define capital level based on...

In recent decades, low-risk stocks provide higher returns than riskier stocks. This contradicts a well-established market theory of higher risk-higher return. The distorted relationship between risk and return over the last few years has been attributed to factors such as the risk aversion...

This paper examines the technological challenges faced by financial institutions in setting up, managing and maintaining an effective Know Your Customer (KYC), Customer Due Diligence (CDD) and Customer Identification Program (CIP); as well as the future of money laundering and terrorist...

Introduction: In August 2019 an unexpected presidential election result caused a change in expected exchange and inflation rates. The objective of this study is to analyze the relation between market share and the decision of increasing prices in the pharmaceutical industry in Argentina.Methods:...

We study and measure uncertainty in the minutes of the meetings of the board of governors of the Central Bank of Mexico and relate it to monetary policy variables. In particular, we construct two uncertainty indices for the Spanish version of the minutes using unsupervised machine learning...