Amid surging market values and widespread regulatory discussion, NFT and DeFi markets are widely perceived as being simply speculative, bubble, assets. This paper detects the existence and dates of price bubbles in the NFT and DeFi market by applying SADF and GSADF tests. We document that NFT...

Amid surging market values and widespread regulatory discussion, NFT and DeFi markets are widely perceived as being simply speculative, bubble, assets. This paper detects the existence and dates of price bubbles in the NFT and DeFi market by applying SADF and GSADF tests. We document that NFT...

We study happiness adaptation to income and poverty using an individual panel data on life satisfaction of 10046 subjects living in China from 2010 to 2018. We find robust evidence of adaptation to both income and poverty. The adaptation to poverty result is new to the literature, whereas...

Based on the coverage of over 660m news stories from LexisNexis News & Business between 2015–2021, we provide two new indices around the growing area of Central Bank Digital Currencies (CBDC): the CBDC Uncertainty Index (CBDCUI) and CBDC Attention Index (CBDCAI). We show that both indices...

This study analyses the prediction power of uncertainty measures, especially the cryptocurrency uncertainty indices on the long-term volatility of the gold markets. By utilising a mixed data sampling model, GARCH-MIDAS, we show that various uncertainty measures may capture different types of...

This paper investigates how environmental awareness affects firms’ loan rates, conditioned on borrowers with an environmental penalty record. Employing a comprehensive loan dataset from one of China’s “Big Five” banks and the volatility of PM2.5 as a proxy to quantify environmental...

Purpose We phrase our analysis around the connectedness effects and portfolio allocation in the “Carbon-Energy-Green economy” system. Design/methodology/approach This paper utilizes the TVP-VAR method provided by Antonakakis et al . (2020) and Chatziantoniou et al . (2021), and portfolio...