The purpose of this study is to examine the effect of P2P lending on bank credit in each type/segment of banking credit consisting of working capital credit, investment credit, and consumer credit in the period before and during the occurrence of the Covid-19 exogenous shock. Examining the...

We approximate the finite-sample distribution of impulse response function (IRF) estimators that are just-identified with a weak instrument using the conventional local-to-zero asymptotic framework. Since the distribution lacks a mean, we assess bias using the mode and conclude that researchers...

Purpose - Egypt could face total water depletion by 2050 due to the current waterscarcity of aboutseven billion cubic meters. Climatic shocks worsen this crisis, alongside Ethiopia's unilateral construction of the Grand Ethiopian Renaissance Dam (GERD). This has caused a stalemate, raising...

This paper uses firm-level data to investigate the resilience of the Portuguese wine sector's domestic market in the aftermath of the exogenous shock arising from Covid-19. To address this objective, this article applies a fractional response model. The results allow us to confirm that the...

This study investigates the asymmetric responses of AI and ESG Exchange Traded Funds (ETFs) to geopolitical and financial uncertainty, with a focus on resilience across market regimes. The NASDAQ-100 and MSCI ESG Leaders indices are used as proxies for thematic ETFs, and their dynamic...

This study investigates the main drivers of inflation measured by CPI inflation and GDP deflator across 20 advanced and emerging economies over the yearly span from 2014 to 2023. Using Principal Component Analysis and Panel Vector Autoregression, the research examines the roles of supply-side...

Stability in the global equity market relies on the existence of a favorable macroeconomic environment. This study examines the dynamic responses of these markets to geopolitical risks and oil price shocks from 1979Q2 to 2023Q3 using the global vector autoregressive (GVAR) approach. We introduce...

This study examines the interconnectedness and idiosyncratic risks in sub-Saharan forex markets from 1999 to 2023. Using the TVP-VAR extended joint connectedness technique, we measure both the static and dynamic extended joint connectivity. Our analysis reveals that sub-Saharan forex markets are...

Congenital disorders are a principal cause of early mortality, long-term disabilities, impaired cognitive development and constitute a major challenge to families, communities, and health care systems. The origins of congenital disorders are, however, not yet well understood. Using a...

Motivated by the dominant role of the US dollar, we explore how monetary policy (MP) shocks in the United States can affect a small open economy through the expectation channel. We combine data from a panel survey of firms' expectations in Uruguay with granular information about firms' debt...

In this paper, we provide evidence on the impact of global seasonal temperature shocks on global food commodity prices. Utilizing monthly data from 1961 to 2023, we find an economically and statistically highly significant, longer-lasting positive impact of summer temperature shocks on global...

In this study, we employ the synthetic control method to evaluate the transmission of external shocks, taking COVID-19 as an example, on the stock market in the Chinese hospitality and tourism industry, specifically in the catering, hotel, cultural landscape, natural landscape, and travel agency...

Taking the case of rural South India, we explore the universality of the Big Five personality traits and their stability over time. We then investigate the effects of two exogenous shocks on trait stability: the demonetisation of November 2016 and the second COVID-19 lockdown. We use an original...

We study how the labor market shocks of automation and immigration interact to shape workers' outcomes. Using matched employer-employee data from Norwegian administrative registers, we combine an immigration shock triggered by the European Union's 2004 enlargement with an automation shock based...

The COVID-19 pandemic has renewed the global focus on the role of public health spending, particularly in developing regions where fiscal space is mostly limited. Many African countries have started reassessing the health sector as a core economic resilience component. This study examines how...