Since the 2007 global financial crisis, scholars have attempted to explain market failures using aspects other than corporate governance. Previous studies focused on the function of corporate governance in financial performance, with a dearth of literature on other financial dimensions like risk...

Cryptocurrency is the most innovative financial and technological breakthrough of this generation. Investment in cryptocurrency grew from USD 11.18 billion in December 2016 to USD 2.147 trillion in April 2024; however, the rationality of investor exuberance is uncertain. This paper explores...

This study investigates the dynamic relationship between interest and noninterest income at Azer Turk Bank using quarterly data from 2016Q1-2024Q3. Unit root tests including Augmented Dickey-Fuller (ADF), Kwiatkowski-Phillips-Schmidt-Shin (KPSS), and Fourier-KPSS indicate that both variables are...

The study examines the degree of current account deficit (CAD) sustainability and capital mobility for a panel of 97 countries over the period 1980-2020. To this end, the study adopts a novel interpretation of the Feldstein-Horioka coefficient in the context of CAD sustainability and examines...

This paper provides robust empirical evidence that shocks to aggregate Research and Development (R&D) have persistent effects on macroeconomic dynamics and represent a significant risk for investors, as predicted by the 'long-run risk' literature. The analysis focuses on a single variable,...

Innovation is essential for promoting long-term growth in middle-income countries (MICs). Amid growing remittance inflows, understanding how these financial transfers influence innovation outcomes has become increasingly important; however, the prevailing literature overlooks the impact of...

This study develops a comprehensive econometric framework for assessing market efficiency in sustainability indices through rolling fractional integration analysis. We employ four fractional integration estimators (Andrews-Guggenberger, Robinson GSE, GPH, and FELW) with formal statistical...

This study examines how tourism development in Tunisia responds to environmental degradation, renewable energy consumption, technological innovation, and foreign direct investment. Using annual data for 1990-2023, we apply the Autoregressive Distributed Lag (ARDL) bounds approach to identify...

This study introduces a novel pairs trading strategy based on copulas for cointegrated pairs of cryptocurrencies. To identify the most suitable pairs and generate trading signals formulated from a reference asset for analyzing the mispricing index, the study employs linear and nonlinear...

This study explores the influence of foreign direct investment (FDI) on export growth in Ghana. We use the Zivot and Andrews unit root test on Ghanaian time-series data from 1990 to 2021 to examine the order of integration. In addition, we utilise the Johansen and Gregory and Hansen...

This study examines the interactions among the oil price, Government expenditure, money supply, real effective exchange rate, and Gross Domestic Product (GDP) across Malaysia's finance, retail and wholesale, manufacturing, agriculture and overall sectors by using a Structural Vector...

This paper investigates the time-varying efficiency of Western European stock markets and examines how macroeconomic events defined as endogenous and exogenous shocks influence the degree of efficiency by either long-range dependence or mean reverting. We apply a rolling-window detrended...

The tourism industry is highly susceptible to global economic fluctuations and uncertainties. Understanding the asymmetric effects of macroeconomic factors on tourism demand is crucial for developing effective policies and strategies in the sector. This study examines the asymmetric impacts of...

We examine the effects of debt distribution characteristics, specifically skewness and maturity concentration, on sovereign yields across OECD countries over the period 1995Q1 to 2020Q4. After computing specific Lorenz curves and Gini coefficients, we find that positive skewness generally exerts...

The study aims to analyze the economic effects of population ageing in Japan, Spain, Italy, the United States, South Korea, Germany, France, the United Kingdom, and Canada using the panel ARDL (Autoregressive Distributed Lag) model. GDP per capita was adopted as the dependent variable, while the...

This study examines the relationship between banking sector development (credit and deposits) and economic growth in Ecuador, using quarterly data for the period 2000-2022. An ARDL approach with Bound Test cointegration is employed, incorporating structural breaks using the Bai-Perron test and...

High and volatile inflation over a long haul is detrimental to an economy, particularly to a country's financial sector. While most studies suggest a positive relationship between inflation and bank profitability, others argue for a negative impact. As such, it is evident that the impact of...