Results 271 to 280 of about 721,056 (330)

Information Flows, Stock Market Volatility and the Systemic Risk in Global Finance

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT Information flows are a theoretical explanation for stock market volatility, but controversy remains regarding how to measure them. Based on cross‐sectional and temporal properties of information flows, we decompose total trading volume into four types: cross‐country shocks and country‐specific shocks due to arrivals of private information ...
Yen‐Hsiao Chen   +3 more
wiley   +1 more source

Major Conundrums and Possible Solutions in DeFi Insurance

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This paper empirically explores the early development of insurance projects in the decentralised finance (DeFi) industry, which is based on disruptive technologies like blockchain and smart contracts. A brief history of DeFi is narrated, stressing four risks of DeFi (volatility risk, cyberattack risk, liquidity risk, and regulation risk) and ...
Peng Zhou, Ying Zhang
wiley   +1 more source

Exchange Rate Risk and Deviations From Purchasing Power Parity

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This paper proposes a new solution to the purchasing power parity (PPP) puzzles, arguing that investors' higher‐order risk attitudes, combined with higher‐order uncertainty about nominal exchange rates, as reflected by skewness and kurtosis, drive a risk premium that leads to deviations from PPP.
Michael G. Arghyrou   +2 more
wiley   +1 more source

Effects of Financial Development on Investments: New Evidence Considering Different Aspects of Financial Development

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This paper provides new evidence and insights about the finance‐investment nexus by assessing and comparing the impacts of different aspects of financial development on investment. The study uses data for 88 countries from 1996 to 2019, and the estimates are based on dynamic panel data methodology.
Gabriel Caldas Montes   +1 more
wiley   +1 more source

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