Results 161 to 170 of about 517,273 (291)

Institutional Diversity in Banking and Economic Complexity

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT In this paper, we test whether institutional diversity in banking systems is beneficial to economic complexity, using data for Italian provinces in the period 1998–2017. We compute different indexes that consider diversity from an ownership, institutional, business model and competition point of view and find that higher diversity has a ...
Beniamino Pisicoli
wiley   +1 more source

Carbon Performance, Climate Governance, and Equity Risk

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This paper examines the relationship between carbon performance, climate governance, and equity risk. Using a sample of companies listed in the S&P500 index for the period 2009–2023, our results show that better carbon performance reduces equity risk, indicating that proactive carbon management reduces uncertainty and is beneficial to firms ...
Malafronte Irma   +2 more
wiley   +1 more source

Cooperative differential space-time spreading for the asynchronous relay aided CDMA uplink using interference rejection spreading code

open access: yes, 2010
—This letter proposes a differential Space–Time Coding (STC) scheme designed for asynchronous cooperative networks, where neither channel estimation nor symbol-level synchroniza-tion is required at the cooperating nodes.
Sheng Chen   +5 more
core  

Exchange Rates and Sovereign Risk: A Nonlinear Approach Based on Local Gaussian Correlations

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT We empirically assess the interlinkages between sovereign risk, measured in terms of CDS spreads, and exchange rates for a sample of emerging markets. Our period of analysis includes episodes of severe stress, such as the Global Financial Crisis, the COVID‐19 pandemic, and the Ukrainian War.
Reinhold Heinlein   +2 more
wiley   +1 more source

Matched Asymptotic Expansions for Valuing Spread Options

open access: yes, 2016
Spread Options are crucial in the energy, currency and fixed income, and com- modity markets. The problem with spread options is that there are no closed- form formulae to price or hedge them. In this paper, we use matched asymptotic expansions in order to price spread options. We use both one-factor and two- factor models.
openaire   +1 more source

Asymptotic Maturity Behavior of the Term Structure [PDF]

open access: yes
Pricing and hedging of long-term interest rate sensitive products require to extrapolate the term structure beyond observable maturities. For the resulting limiting term structure we show two results by postulating no arbitrage in a bond market with ...
Klaas Schulze
core  

Deniers and Compliers: Unpacking the Heterogeneous Effectiveness of U.S. Stay‐at‐Home Mandates During the COVID‐19 Pandemic

open access: yesJournal of Applied Econometrics, EarlyView.
ABSTRACT While existing work shows COVID‐19 stay‐at‐home (SAH) policies decreased mobility on average, we lack evidence regarding heterogeneity in policy effectiveness across US counties. To uncover potential heterogeneity, we implement a novel two‐stage approach.
James Sears   +5 more
wiley   +1 more source

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