This paper aims to explore the relevance of trade partners' institutional background on the formation of PTAs by investigating whether countries sharing homogeneity in institutions tend to form PTAs interdependently. We take economic system and political regime measured by economic freedom and...

This paper studies the contemporaneous relationship between S&P 500 index returns and log-increments of the market volatility index (VIX) via a nonparametric copula method. Specifically, we propose a conditional dependence index to investigate how the dependence between the two series varies...

This paper aims to enrich the understanding and modelling strategies for cryptocurrency markets by investigating major cryptocurrencies´ returns determinants and forecast their returns. To handle model uncertainty when modelling cryptocurrencies, we conduct model selection for an autoregressive...