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Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...
Persistent link: https://www.econbiz.de/10013088732
We assess the degree of cross-market price discrepancy (a proxy for market integration), its evolution over time, and proximate determinants, using monthly price data for 21 agricultural goods and 60 markets in India. Econometric analysis shows that cross-market price integration is positively...
Persistent link: https://www.econbiz.de/10012827586
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...
Persistent link: https://www.econbiz.de/10013108622
During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stancecan explain the yen's safe...
Persistent link: https://www.econbiz.de/10013071928
-balance-sheet activities. This paper provides measures of leverage implicit in derivative contracts by decomposing the contracts into cash …
Persistent link: https://www.econbiz.de/10013212029
New regulatory data reveal extensive price discrimination against non-financialclients in the FX derivatives market. The client at the 90th percentile pays aneffective spread of 0.5%, while the bottom quarter incur transaction costs of lessthan 0.02%. Consistent with models of search frictions...
Persistent link: https://www.econbiz.de/10012868480
This paper studies the relative effectiveness of foreign exchange intervention in spot and derivatives markets. We make use of Brazilian data where spot and non-deliverable futures based intervention have been used in tandem for more than a decade. The analysis finds evidence in favor of a...
Persistent link: https://www.econbiz.de/10012962155
’ liquidity needs related to derivative margin payments. We combine three highly granular unique data sources (EMIR data for …
Persistent link: https://www.econbiz.de/10014351365
Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global GDP. But it has also created a number of challenges including environmental degradation, especially in small island countries where the carbon footprint of tourism constitute...
Persistent link: https://www.econbiz.de/10014076818
in the law over the last five decades, the legal environment across the world is still far from providing a level playing …
Persistent link: https://www.econbiz.de/10014079014