Search Results - subject_exact:"Asset market"

Quantifying greenhouse gas emissions through financial market's development in Tunisia : empirical evidence from novel dynamic ARDL techniques

Karaca, Ali; Bin Salman, Abdulrahman Khalid; Oueslati, Tarek - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616951

Green finance and renewable energy in emerging markets : exploring the roles of financial development

Epor, Simon Okaja; Akande, Joseph Olorunfemi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617032

Scaling CESEE innovation : ecosystem dynamics and strategic relocation opportunities

Bykova, Alexandra; Guadagno, Francesca; Gutzianas, Ioannis - 2026

Europe's innovation bottleneck increasingly manifests in the difficulty of scaling promising startups into globally competitive firms. Central, East and Southeast Europe (CESEE) is particularly exposed to this due to limited finance and local acquirers, which lead to serious risks of relocation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617494

Repo market networks : dynamics under financial stress

Schöller, Vanessa - 2026

The smooth functioning of the repo market is essential to financial stability. However, the market has faced repeated episodes of stress in recent years. This paper examines the resilience of the euro-denominated repo market during recent episodes of elevated financial stress, drawing on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618106

The equity market implications of the retail investment boom

Beck, Philippe van der; Cohen, Cameron; Jaunin, Coralie - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618239

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The equity market implications of the retail investment boom

Beck, Philippe van der; Jaunin, Coralie - 2021

Book / Working Paper

Does Islamic banking promote environmental sustainability? : evidence from QISMUT countries

Smolo, Edib - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618421

Green bond market performance : does investor sentiment contagion matter?

Le Thuy Duong Ha; Hoque, Ariful; Le, Thi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618423

Money manager capitalism and the growth and spread of Ponzi finance, private market version

Tymoigne, Éric - 2026

Private debt and equity markets have been a funding source for nascent and credit constrained businesses for several decades. Following the 2008 financial crisis, an economic environment characterized by low interest rates, cautious banks, and tighter financial regulations - together with money...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654677

Tracing the history of asset price bubble theory : a literature review

Dubach, Sally - 2026

The literature on rational asset price bubbles has grown substantially, yet its internal logic is difficult to trace without reading across a large and technically demanding body of work. This paper provides a guide to the literature on rational asset price bubble theory, tracing its evolution...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654770

Welcome to the age of longevity capitalism

Dal Maso, Giulia - 2026

This essay coins and develops the concept of Longevity Capitalism, a biopolitical and financial regime in which both the condition of living longer and the pursuit of longevity are transformed into frontiers of accumulation. As financialisation extends into the domain of ageing, longevity - once...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655150

Beyond banks: trust among the financially underserved

Boel, Paola; Puzzello, Daniela; Zimmerman, Peter - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619026

Taxing speculative trades as a prudential policy

Park, Junghum - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015562419

Green finance for environmental sustainability in Nepal

Bista, Smeeth; Bishwakarma, Sagar - 2026

This study examines the relationship between green finance and environmental sustainability in Nepal from 1990 to 2023. Constructing the index for financial development by using Principal Component Analysis (PCA), the relationship is explored using Auto-Regressive Distributed Lag (ARDL) followed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609386

Financial development, credit rationing and informal credit markets : implications for pattern of trade

Ahuja, Rashmi; Marjit, Sugata - 2026

Firms differ in the extent to which they get access to formal and informal credit sources in developing economies. In developing economies, banks ration credit due to higher perceived borrower risk, information asymmetry, lack of collateral, and market inefficiencies. Due to financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609827

Demand-based asset pricing in general equilibrium

Abadi, Joseph - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609903

Regulatory responses to the financial stability implications of stablecoins

Bindseil, Ulrich - 2026 - Final version: 11 February 2026

In essence, the currently large stablecoins are electronic money issued by narrow balance sheet vehicles into a distributed ledger (or a "programmable platform"). Many believe that they will have significant success as a new form of money. Members of the current US administration expect that US...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610715

Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

This paper studies the effects of stablecoin adoption-crypto-assets designed to maintain a stable value relative to a reference asset-on bank intermediation and the transmission of monetary policy. Using evidence from the rapid expansion of stablecoins combined with confidential granular data on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610815

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Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

Book / Working Paper

I am so tired! I don't know what to do! survey fatigue and financial literacy : results from a randomized experiment

Chernesky, Anna; Huynh, Kim P.; Voia, Marcel-Christian - 2026 - Last updated: March 4, 2026

Cross-country evidence finds that there are low levels of financial literacy. Financial literacy is often measured using the "Big Three" questions about interest rates, inflation, and risk. These questions are usually part of a longer survey. Respondents in long surveys may suffer survey fatigue...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610866

Evaluation and prediction of stock market crash risk in Mexico using log-periodic power-law modeling

Sunil, Suryansh; Goyal, Amit Kumar; Mahadeva, Rajesh; … - 2026

This study applies the Log-Periodic Power-Law (LPPL) framework to three major equity markets-Mexico (IPC), Brazil (IBOVESPA), and the United States (NYSE Composite)-using daily closes from 8 November 1991-30 January 2025 for IPC and NYSE, and 3 May 1993-30 January 2025 for IBOVESPA. Multi-window...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611246

Deep hybrid CNN-LSTM-GRU model for a financial risk early warning system

Muhammad Ali Chohan; Li, Teng; Abrar, Mohammad; … - 2026

Financial risk early warning systems are essential for proactive risk management in volatile markets, particularly for emerging economies such as China. This study develops a hybrid deep learning model integrating Convolutional Neural Networks (CNNs), Long Short-Term Memory (LSTM), and Gated...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611314

Will central clearing change the market structure of U.S. Treasury repo to become more standardized and trade on an all-to-all basis?

Patel, Ketan - 2026

This paper examines whether the SEC's mandate for central clearing of U.S. Treasury repo transactions could enable all-to-all trading and support the development of a standardized term repo market. By mitigating counterparty risk through central clearing, cash lenders may become more willing to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611478

Role of artificial intelligence in finance : selective literature review and implications for Asia's financial stability

Zhang, Yang; Qiu, Ziang; Park, Donghyun; Tian, Shu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611634

Project FuSSE (Fully Scalable Settlement Engine) exploring the scalable, flexible and secure design of modern settlement engines

2026

Financial market infrastructures (FMIs) must remain secure, resilient and adaptable over long horizons, even as payment volumes grow and technologies, standards and threat environments evolve. The continued expansion of digital payments, alongside emerging models such as Internet of Things...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612456

A market-based assessment of the outlook for inflation expectations and monetary policy in South Africa

Christensen, Jens H. E.; Steenkamp, Daan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636702

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A market-based assessment of the outlook for inflation : expectations and monetary policy in South Africa

Christensen, Jens H. E.; Steenkamp, Daan - 2026

Book / Working Paper

A market-based assessment of the outlook for inflation : expectations and monetary policy in South Africa

Christensen, Jens H. E.; Steenkamp, Daan - 2026

Using a novel arbitrage-free dynamic term structure model of nominal and real bond prices that accounts for bond-specific liquidity risk premia, this paper provides estimates of bond investors' inflation expectations and associated inflation risk premia in South African sovereign bonds. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612457

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A market-based assessment of the outlook for inflation expectations and monetary policy in South Africa

Christensen, Jens H. E.; Steenkamp, Daan - 2026

Book / Working Paper

An empirical analysis of the effect of financial sector development on economic growth in emerging economies

Al-Rahamneh, Abdelmajeed A.; Al-Assaf, Ghazi I.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612493

Modernizing Palau's Financial System : Opportunities and Risks

Davico, Ricardo - 2026

Palau’s financial system faces structural challenges that inhibit effective financial intermediation, mobilization of domestic savings, and payment system efficiency. The authorities have been striving to address these challenges through digital initiatives. While these initiatives are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612613

From Par to Pressure : Liquidity, Redemptions, and Fire Sales with a Systemic Stablecoin

Gross, Marco - 2026

Fiat-backed stablecoins are expanding, and their issuers may attain systemic relevance as reserve portfolios grow and as they become increasingly intertwined with financial markets. This paper analyzes the resulting risks and the design choices that can mitigate them. A detailed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612698

Regional effects on the interaction between financial inclusion and monetary policy : a high frequency approach for China

Aktar, Mahbuba; El-Shagi, Makram; Gerth, Florian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613465

The impact of dark pools on the market and market quality

Wakamatsu, Hiroaki - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613485

Systemic risk transmission in commodity markets

Georgescu, Irina - 2026

This paper investigates tail-risk transmission and asymmetric dependence in commodity markets using an asymmetric fuzzy vine copula framework applied to gold, crude oil, natural gas, and silver from 1 January 2015 to 1 January 2025, extracted from Yahoo Finance. Bootstrap-based trapezoidal fuzzy...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614141

Entropic geometry and information dynamics in green cryptocurrency markets

Chortane, Sana Gaied; Naoui, Kamel - 2026

Cryptocurrencies play a central role in modern financial markets; however, geopolitical tensions and environmental concerns raise critical questions about their stability and informational efficiency. This study distinguishes between green cryptocurrencies (GCs), based on low-energy validation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614299

Adaptive LASSO-MGARCH for multivariate volatility forecasting

Xu, Yongdeng; Lyu, Juyi; Lu, Wenna - 2026

This paper evaluates an Adaptive LASSO-MGARCH model for multivariate volatility forecasting, with an application to green and conventional bonds, equities, energy commodities, and EU carbon allowances. By introducing coefficient-specific adaptive penalisation directly into the multivariate GARCH...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614300

Disasters, ambiguity, and crash betas

Meyerheim, Gerrit - 2026 - Original Version: October 2025, This Version: March 2026

This paper develops a tractable consumption-based asset-pricing model in an i.i.d. economy that combines rare consumption disasters with ambiguity aversion implemented as a one-period entropic tilt under CRRA utility. Closed-form expressions for the risk-free rate, equity return moments, and the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614347

Stock market performance in the media : reporting big news, missing the big picture?

Ciccone, Antonio; Rusche, Felix - 2026

Despite rising stock markets in the United States and Europe from 2017 to 2024, we document that average daily stock market performance becomes negative when weighted by the amount of media coverage. We propose an explanation for this media negativity bias that does not rely on a bad-news bias...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614907

The financial architecture of stablecoins : a primer

Farina, Tatiana; Franke, Günter; Heider, Florian; … - 2026

This SAFE White Paper presents a structured economic framework for assessing asset-backed stablecoins in their capacity as privately issued, fiscally anchored monetary instruments. Specifically, we evaluate the implications of stablecoins for financial intermediation, sovereign debt markets, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615344

Sukuk, financial crises and growth : empirical evidence from Islamic capital markets

Naz, Syeda Arooj; Gulzar, Saqib; Hassan, M. Kabir - 2026

This paper analyses the role of Sukuk issuance in driving economic growth amid the Global Financial Crisis (2007-2009), considering both short-term fluctuations and long-term outcomes during periods of financial distress.Using the Pooled Mean Group (PMG) approach of the ARDL model, the study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616427

Climate change, bank liquidity and systemic risk

Giuzio, Margherita; Kahraman, Bige; Knyphausen, Jasper - 2026

This paper examines the relevance of banks' exposure to climate transition risk in the interbank lending market. Using transaction-level data on repo agreements, we first establish that banks with higher exposure to transition risk face significantly higher borrowing costs. This premium is a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592352

Forecasting stock market behavior in BRICS economies using artificial neural machine learning models

Panigrahi, Shrikant; Kukreja, Gagan; Kumaraswamy, Sumathi - 2026

Purpose - This study aims to forecast the stock market behavior of BRICS nations (Brazil, Russia, India, China and South Africa) using advanced machine learning models. The focus is on identifying market trends, predicting future index prices and analyzing returns. Design/methodology/approach -...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592502

Quantifying Minsky cycles

Ristolainen, Kim - 2026

We develop a novel sentiment measure derived from survey data to empirically vali date the Minsky-Kindleberger view on financial crises. Using survey data from multiple countries, we decompose beliefs into components explained by public information that are orthogonal to optimal machine beliefs,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015595844

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Quantifying Minsky cycles

Ristolainen, Kim - 2026

Book / Working Paper

What Attracts Investors to Distressed Asset Markets? Key Pillars for Private Investors to Participate in Market Development

Mueller, Marta; Dancausa, Fernando - 2026

This WBG study examines what makes distressed asset markets work — and how governments can create the right conditions for private sector engagement. It provides policymakers, regulators, and financial institutions with a practical framework to assess market readiness, identify policy and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597424

Vanishing acts : an econometric exploration of firm delistings in South Africa

Bhorat, Haroon; Neethling, Leigh; Sayed, Ayesha - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015590851

Comparative analysis of tail risk in emerging and developed equity markets : an extreme value theory perspective

Dlamini, Sthembiso; Shongwe, Sandile Charles - 2026

This research explores the application of extreme value theory in modelling and quantifying tail risks across different economic equity markets, with focus on the Nairobi Securities Exchange (NSE20), the South African Equity Market (FTSE/JSE Top40) and the US Equity Index (S&P500). The study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591162

Workforce shocks and financial markets : asset pricing perspectives

Akhtar, Samreen; Agarwal, Jyoti; Ahmad, Alam; Wiquar, Refia - 2026

Workforce adjustments, such as mass layoffs, are significant corporate events that can influence stock returns and volatility, yet their broader asset-pricing implications remain underexplored. We examine the impact of such workforce shocks on stock performance from an asset-pricing perspective....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591184

Lender of Last Resort and financial systemic risks in times of economic stability : evidence from 55 countries

Miao, Wenlong; Ma, Yuxian; Huo, Yuanyuan - 2026

As a cornerstone of the modern financial safety net, the Lender of Last Resort (LOLR) is essential in mitigating liquidity crises and containing financial contagion. However, during periods of economic stability, risk-taking incentives in the banking sector may undermine its effectiveness. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591371

The Financial Lobster Bias

Reyes Marín, Óscar De los; Paz Gil, Iria; … - 2026

The Financial Lobster Bias describes how SMEs, driven by distorted liquidity perceptions, engage in aggressive expansion until financial breakdown occurs. Using data from 10,412 Spanish SMEs (2000-2024), this study shows that liquidity misperception-measured through two versions of the Liquidity...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591400

The Global South's sustainable finance gap : the role of financial development

Yilmaz, Fatih - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015579008

Sequential credit markets

Axelson, Ulf; Makarov, Igor - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580363

Every signal counts : effects of ECB presidents' textual and voice sentiments on financial markets

Jurkšas, Linas; Kaminskas, Rokas; Akstinaitė, Vita - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015605059

The impact of financial market development and foreign direct investment on carbon intensity from oil, gas, gas flaring, and cement emissions in GCC Countries : a spatial analysis

Mahmood, Haider; Tanveer, Muhammad; Almurad, Hussein Mohamad - 2026

Financial markets and foreign investments could play an effective role in determining the environment and income of GCC resource-rich economies. Therefore, the effects of Financial Market Development (FMD) and Foreign Direct Investment (FDI) on Carbon Intensity (CI) from oil, gas, gas flaring,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015605063