This paper empirically investigates the effects of remittances on access to financial services in 26 Sub-Saharan African countries over the period 2004-2015. We find that remittances have a significantly positive impact on financial access in Sub-Saharan Africa. This finding remains true in...

The purpose of this paper is to examine the wealth effect of the Check Clearing for the 21st Century Act, also known as Check 21, on bank stock return. We use event study analysis on thirty-four U.S. bank stocks listed on the New York Stock Exchange. Our analysis reveals that Check 21 is...

This paper empirically investigates the effects of remittances on access to financial services in 26 Sub-Saharan African countries over the period 2004-2015. We find that remittances have a significantly positive impact on financial access in Sub-Saharan Africa. This finding remains true in...

The purpose of this paper is to examine the wealth effect of the Check Clearing for the 21st Century Act, also known as Check 21, on bank stock return. We use event study analysis on thirty-four U.S. bank stocks listed on the New York Stock Exchange. Our analysis reveals that Check 21 is...

This paper investigates the predictability of weekly percentage changes in exchange rates for Swedish currency-Swedish krona with respect to the currency of major trading partners - namely Danish Krone of Denmark, Norwegian Krone of Norway, US Dollar of United States, UK Pound of United Kingdom...

This paper hypothesized that there is a differential response by agents to changes in sovereign credit risk in both calm (low default risk) and turbulent (high default risk) markets. These market conditions create two different states of the world or regimes. The two model regimes have been made...

This paper examines financial risk’s effect on foreign debt capital flows to economic, infrastructural projects based on behavioral finance theory’s concept of anchoring and adjustment and regression analysis of secondary data on determinants of foreign debt capital cost in Kenya from 2011...

In commodities market, the theory of storage suggests that the basis or spread varies with changes in fundamental supply and demand factors. We thus expect these fundamentals, as opposed to speculative trading, to be the primary triggers of volatility in the spot market. Because of structural...

The study investigates the impact of arbitrage opportunities on feedback trading using intraday 5-minute Bitcoin futures and spot prices. The study uses quantile regressions to capture different market conditions and the conditional distribution of returns and finds episodic cases of positive...