This research focuses on the direct and indirect systemic risk spillovers among East Asian, European, and the U.S. stock markets under the COVID-19 pandemic. Based on the GARCH-Copula-CoVaR model, we construct the direct spillover matrix of systemic risk and further explore the indirect...

The flavor formation from glutamic acid (Glu)-galactose (Gal) Amadori rearrangement product (GG-ARP) during the thermal degradation was investigated. Compared with the volatile compounds in Glu-Gal Maillard reaction products (GG-MRP), pyrazines in the volatile compounds derived from GG-ARP were...

How does a society hedge the most atrocious states of nature? Survival cannibalism persisted across societies and until recently. We document that in historical China the Confucian clan, which acted as an internal financial market providing its members with the fundamental functions of finance...

How does a society hedge the most atrocious states of nature? Survival cannibalism persisted across societies and until recently. We document that in historical China the Confucian clan, which acted as an internal financial market providing its members with the fundamental functions of finance...