We aim to provide a comprehensive overview of the past, present, and future development of environmental related topics in Economics and Finance. In this regard, Environmental Finance (EF)- and Environmental, Social, and Governance (ESG)-related literature is collected and analysed. The paper...

This paper investigates if changes in network connectedness of European sovereign bond markets from 2005 to 2011 was an indicator of the subsequent financial crisis. The unified methodology proposed by Diebold and Yilmaz (2014) is used to overcome weaknesses in alternative methodologies to...

We propose new Unconditional, Independence and Conditional Coverage VaR-forecast backtests for the case of annuity pricing under a Bayesian framework that significantly minimise the direct and indirect effects of $p$-hacking or other biased outcomes in decision-making, in general. As a...

The aims of this paper are to detect evidence of institutional investor herding behaviour and examine the role that investor sentiment plays in the institutional investor herd behaviour. We use bivariate GARCH method estimated time varying beta to estimate herding variables of UK open-ended and...

One of the biggest challenges of keeping Euro area financial stability is the negative comovement between the vulnerability of public finance, the financial sector, security markets stresses as well as economic growth, especially in peripheral economies. This paper utilities a ARMA-GARCH based...