Using the contingent claim approach and market data on sovereign credit default swaps we assess the drivers of a country s risk perception. Deriving market-based asset values for a set of advanced economies we gain insights into the capital markets perspectives on sovereign creditworthiness. We...

Using the contingent claim approach and market data on sovereign credit default swaps we assess the drivers of a country's risk perception. Deriving market-based asset values for a set of advanced economies we gain insights into the capital markets' perspectives on sovereign creditworthiness. We...

Most industrial nations are reliant on a secure supply of raw materials but typically do not possess access to primary resources; a situation widely accepted by their respective governments which have instigated a variety of programs to secure availability. In this paper we explore the effect of...

We examine the effect of financial investments on the futures market of seventeen agriculture commodities during 2006-16. Introducing a financialization index we show that financial investors significantly affect the variation in the co-movement of these commodities. We find even stronger...