We made two key contributions to energy economics and finance by revealing new insights on the WTI-Brent spread (WBS). Our first exercise engages with the stylized facts of the WBS and its role as an indicator, identifying the time around the shale oil revolution as a turning point in the mean-...

Till date, empirical works on the utility of social media sentiments in predicting financial market outcomes have yielded mixed results. This paper contributes to this discourse by providing new insights into the limited salience of uncertainty sentiments on Twitter for a broad range of...

The aim of this study is to identify the economic impacts on G7 banking industry when sovereign rating is revised. We used event study methodology (t-statistics) and found that sovereign rating changes significantly affect share market prices. It seems that there is information leakage prior to...

We construct synthetic spreads representing funding liquidity risk in BRICS economies and examine whether stress in the interbank and financial markets in the US spread to emerging markets during the Global Financial Crisis, European Sovereign Debt Crisis, and COVID-19 pandemic. We rely on a...

The aim of this study is to identify the economic impacts on G7 banking industry when sovereign rating is revised. We used event study methodology (t-statistics) and found that sovereign rating changes significantly affect share market prices. It seems that there is information leakage prior to...