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Non-Linearities, Cyber Attacks and Cryptocurrencies
Caporale, Guglielmo Maria - 2019
This paper uses a Markov-switching non-linear specification to analyse the effects of cyber attacks on returns in the case of four cryptocurrencies (Bitcoin, Ethernam, Litecoin and Stellar) over the period 8/8/2015-28/2/2019. The analysis considers both cyber attacks in general and those...
Persistent link: https://www.econbiz.de/10012867869
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Cyber Attacks, Spillovers and Contagion in the Cryptocurrency Markets
Caporale, Guglielmo Maria - 2020
This paper examines mean and volatility spillovers between three major cryptocurrencies (Bitcoin, Litecoin and Ethereum) and the role played by cyber attacks. Specifically, trivariate GARCH-BEKK models are estimated which include suitably defined dummies corresponding to different types, targets...
Persistent link: https://www.econbiz.de/10012832186
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Cybersecurity Risk
Florackis, Chris; Louca, Christodoulos; Michaely, Roni; … - 2021
We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays intuitive relations with quantitative measures of...
Persistent link: https://www.econbiz.de/10013314803
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Cybercrime on the Ethereum Blockchain
Hornuf, Lars; Momtaz, Paul P.; Nam, Rachel J.; Yuan, Ye - 2023
We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims’ risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...
Persistent link: https://www.econbiz.de/10014352598
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The Structure of Cigarette Excises in the EU: From Myths to Reality
Primorac, Marko; Jeric, Silvija Vlah - 2017
cigarettes, the structure of the consumption, but also the amount of the tax revenue. EU Directive 2011/64/EU prescribes the … determine the shares of one or another component in the overall excise tax structure, whereby the EU directive only prescribes … in the EU. The first one is that an increase of the specific component of the cigarette excise negatively affects the …
Persistent link: https://www.econbiz.de/10011657107
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Who Voted for Brexit? A Comprehensive District-Level Analysis
Becker, Sascha O.; Fetzer, Thiemo; Novy, Dennis - 2017
380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immigration and trade …
Persistent link: https://www.econbiz.de/10011657159
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Tax pass-through in the European beer market
Ardalan, Aria; Kessing, Sebastian G. - 2019
We study the pass-through of indirect taxes on beer prices in the European Union (EU). Exploiting the variation of … EU member states, we estimate the tax pass-through of specific beer excise taxes and ad valorem value added taxes (VAT …). VAT is under-shifted at a rate of approximately 70%. Specific excise taxes are almost fully shifted to prices in the EU …
Persistent link: https://www.econbiz.de/10012018317
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Did Austerity Cause Brexit?
Fetzer, Thiemo - 2018
the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with … specific welfare reforms as well as broader measures of political preferences. The results suggest that the EU referendum could …
Persistent link: https://www.econbiz.de/10011887419
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What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10010264310
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3-Step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 2008
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
Persistent link: https://www.econbiz.de/10010264433