Similar Search Results

Information in the first globalization : news agencies and trade

Cotterlaz, Pierre; Fize, Etienne - 2021

Persistent link: https://www.econbiz.de/10012659245

Flexibility in the market for international carbon credits and price dynamics difference with European allowances

Gavard, Claire; Kirat, Djamel - 2015

We analyze the price dynamics of European allowances and international carbon credits in the second phase of the … factors. However, whereas the corresponding returns present comparable dynamics, the long-term relationships between the price … the time. We suggest an explanation for this dynamics difference. …

Persistent link: https://www.econbiz.de/10010476203

Carry trades, order flow and the forward bias puzzle

Breedon, Francis J.; Rime, Dagfinn; Vitale, Paolo - 2015

We investigate the relation between foreign exchange (FX) order flow and the forward bias. We outline a decomposition of the forward bias according to which a negative correlation between interest rate differentials and order flow creates a time-varying risk premium consistent with that bias....

Persistent link: https://www.econbiz.de/10011396784

From institutions to financial development and growth : what are the links?

Fernández, Andrés; Tamayo, César E. - 2015

it possible to study the role of institutional arrangements in ameliorating/worsening the information frictions and …

Persistent link: https://www.econbiz.de/10011290078

Oil price dynamics, macro-finance interactions and the role of financial speculation

Morana, Claudio - 2012 - First draft December 2011; this draft February 2011

What is the role of financial speculation in determining the real oil price? We find that while macroeconomic shocks have been the major upward driver of the real oil price since the mid 1980s, also financial shocks have sizably contributed since the early 2000s, and at a much larger extent...

Persistent link: https://www.econbiz.de/10009506394

Global oil market and the US stock returns

Ahmad, Maryam; Manera, Matteo; Sadeghzadeh, Mehdi - 2015

This paper provides an analysis of the link between the oil market and the U.S. stock market returns at the aggregate as well as industry levels. We empirically model oil price changes as driven by speculative demand shocks along with consumption demand and supply shocks in the oil market. We...

Persistent link: https://www.econbiz.de/10011391816

Multilateral development bank ratings and preferred creditor status

Perraudin, William R. M.; Powell, Andrew; Yang, Peng - 2016

This paper analyzes influences on the credit standing of Multilateral Development Banks (MDBs), specifically the quality, diversification and single name concentration of their portfolios, and on the market practice known as Preferred Creditor Status (PCS), whereby sovereigns that default on...

Persistent link: https://www.econbiz.de/10011486485

Sovereign risk and economic complexity

Gómez González, José Eduardo; Uribe, Jorge; … - 2024

This paper investigates how a country's economic complexity influences its sovereign yield spread with respect to the United States. Notably, a one-unit increase in the Economic Complexity Index is associated with a reduction of about 87 basis points in the 10-year yield spread. However, this...

Persistent link: https://www.econbiz.de/10014536288

Risk spillovers between global corporations and Latin American sovereigns : global factors matter

Gómez González, José Eduardo; Uribe, Jorge; … - 2022

This paper studies volatility spillovers in credit default swaps (CDS) between the corporate sectors and Latin American countries. Daily data from October 14, 2006, to August 23, 2021, are employed. Spillovers are computed both for the raw data and for filtered series which factor out the effect...

Persistent link: https://www.econbiz.de/10014495999